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Fed's Bostic maintains one rate cut expectation for the year, open to policy change

Aug 1, 2025, 2:43:04 PM UTC(1 day ago)
Impact: Medium
Fed's Bostic maintains one rate cut expectation for the year, open to policy change
FED'S BOSTIC: FOR TODAY, STILL EXPECTS ONE CUT THIS YEAR FED'S BOSTIC: OPEN TO CHANGING FED VIEW IF DATA SUPPORTS IT
  • Atlanta Federal Reserve President Raphael Bostic anticipates a single quarter-point interest rate reduction this year.
  • Bostic's view is contingent on incoming economic data, indicating flexibility in the Fed's monetary policy.
  • He has previously stated that the Fed requires more data before committing to further rate cuts.
  • Bostic has expressed concerns that changes in U.S. trade policy and geopolitical developments could lead to a prolonged period of elevated inflation.
  • The Fed has maintained its policy rate since December, despite calls for immediate and steep rate cuts from former President Donald Trump.

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Fed's Bostic maintains one rate cut expectation for the year, open to policy change | Breaking News