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Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook.
Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy.
That’s a quarter earlier than he originally predicted, Bostic said, thanks to just how quickly inflation is slowing. Bostic added that he is anticipating two rate cuts in 2024.
Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy.
That’s a quarter earlier than he originally predicted, Bostic said, thanks to just how quickly inflation is slowing. Bostic added that he is anticipating two rate cuts in 2024.
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