On March 25, Jin10 reported that Atlanta Federal Reserve President Bostic stated in an interview that he currently expects only one rate cut this year. This is lower than his previous expectation of two rate cuts. Bostic mentioned that he changed his forecast because he believes the process of inflation retreating this year will be "very bumpy." He also noted that businesses are beginning to anticipate an increase in inflation.
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On March 25, Jin10 reported that Atlanta Federal Reserve President Bostic stated in an interview that he currently expects only one rate cut this year. This is lower than his previous expectation of two rate cuts. Bostic mentioned that he changed his forecast because he believes the process of inflation retreating this year will be "very bumpy." He also noted that businesses are beginning to anticipate an increase in inflation.