Fed’s Bostic Says One Rate Cut Is Still Appropriate for 2025 (1)

Federal Reserve Bank of Atlanta President Raphael Bostic reiterated he sees one interest-rate cut as appropriate for this year, though that could change based on what happens with inflation and the labor market.

“I believe that, while price stability remains the primary concern, the labor market is slowing enough that some easing in policy — probably on the order of 25 basis points — will be appropriate over the remainder of this year,” Bostic wrote in an essay published Wednesday morning. “That could change, depending on the trajectory of inflation and the evolution of employment markets in the coming months.” ...