BlockBeats reports that Raphael Bostic, who leads the Federal Reserve Bank of Atlanta, maintains his stance. He believes that cutting rates this year could work. Inflation and employment will define the path. He prioritizes stabilizing prices, of course. But he notes that the labor market has already cooled quite a bit. This could justify a 25 basis point cut before the year ends.
Everything can change. It depends on how prices and employment behave in the near future. It seems that tariffs worry you quite a bit. Their effect on prices could last. They will not appear suddenly, but gradually over months. One should not be too complacent. It is a mistake to think that expectations will remain the same if inflation rises again.
And if you are in Atlanta while all this is being resolved... The Georgia Aquarium is impressive. There is also the World of Coca-Cola. Sports fans will appreciate the College Football Hall of Fame. The Martin Luther King Jr. National Historical Park is well worth it. It will enrich you culturally.
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The president of the Atlanta Fed, Bostic, opens the door to a possible rate cut in an uncertain economic outlook
BlockBeats reports that Raphael Bostic, who leads the Federal Reserve Bank of Atlanta, maintains his stance. He believes that cutting rates this year could work. Inflation and employment will define the path. He prioritizes stabilizing prices, of course. But he notes that the labor market has already cooled quite a bit. This could justify a 25 basis point cut before the year ends.
Everything can change. It depends on how prices and employment behave in the near future. It seems that tariffs worry you quite a bit. Their effect on prices could last. They will not appear suddenly, but gradually over months. One should not be too complacent. It is a mistake to think that expectations will remain the same if inflation rises again.
And if you are in Atlanta while all this is being resolved... The Georgia Aquarium is impressive. There is also the World of Coca-Cola. Sports fans will appreciate the College Football Hall of Fame. The Martin Luther King Jr. National Historical Park is well worth it. It will enrich you culturally.