Fed's Bostic: Only one rate cut is expected this year, lower than the previous forecast of two

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ODAILY
03-24
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Planet Daily News, Atlanta Federal Reserve Chairman Bostic said in an interview that he currently expects only one interest rate cut this year. This is lower than his previous expectation of two rate cuts. Bostic stated that he changed his forecast because he believes the process of inflation decline this year will be "very bumpy". He also mentioned that businesses are beginning to expect inflation to rise. (Jintian)

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