Fed's Bostic Accelerates Rate Cut Call, Saying September or November 'Definitely in Play'
Monday, August 26th, 2024
Atlanta Fed president Raphael Bostic is accelerating his estimate of when rate cuts could begin, telling Yahoo Finance that September or November is "definitely in play" and that an initial 25 basis point reduction "could be the most appropriate way forward."
"For most of this year, my view and my outlook was that we would do one cut this year and it would be in the fourth quarter," he said during an interview Friday at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyo.
Read More at Yahoo! Finance.
