The Federal Reserve's Bostic: Rate cuts are imminent, hoping to see a little more data.

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ODAILY
08-14
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Odaily Odaily reported that Federal Reserve Chairman Bostic said that the US economy is expected to normalize in the coming months; interest rate cuts are coming and he hopes to see more data; recent inflation data has strengthened confidence that inflation will return to 2%; if the economy develops as expected, interest rates will be cut before the end of the year; inflation is at a turning point where it is close to the target; he does not want the labor market to turn from hot to cold; a recession is not within his expectations.

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