Atlanta Fed President Raphael Bostic revealed that he projected one additional 25 basis point rate cut for 2024 in his recent Federal Reserve meeting forecast. This is less than the median projection of 50 basis points in further cuts. However, Bostic emphasized that his outlook remains flexible and will be adjusted based on incoming economic data, particularly regarding inflation and employment.
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Bostic's Cautious Outlook: Atlanta Fed Chief Projects One More Rate Cut in 2024
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