Fed's Bostic Still Expects 1Rate Cut in 2024 but Doesn’t Rule Out 0 or 2

Staff Report From Georgia CEO

Thursday, April 11th, 2024

Atlanta Fed president Raphael Bostic still expects one rate cut in 2024, but is not ruling out the possibility of two or zero depending on the direction of the US economy and inflation.

"At this point, I think it's one. But as months pass, I may move to two or I might move to zero and we'll just have to see where the chips fall," Bostic, a voting member of the Fed's interest-rate setting committee, said Tuesday in an exclusive interview on Yahoo Finance LIVE.

Read More at Yahoo! News.