Fed's Bostic expects only one rate cut this year, down from two previously forecast

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ODAILY
03-25
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Planet Daily News: Atlanta Federal Reserve Chairman Bostic stated 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 said he changed his forecast because he believes the inflation decline process this year will be "very bumpy". He also noted that businesses are beginning to expect inflation to rise. He hopes to maintain the current reduction scale of the balance sheet until it is completely stopped. To ensure the Federal Reserve does not go too far, slowing down the balance sheet reduction pace is appropriate. (Jintian)

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