Fed's Bostic: A December rate cut is not a certainty

Atlanta Federal Reserve President Raphael Bostic made it clear on Friday that a December rate cut is not a done deal. Speaking at the Dallas Fed meeting about the monetary policy outlook, he emphasized, "I want to reiterate that every meeting is a live decision; we have no predetermined path, and we will not deviate from the principle of data dependence." Bostic specifically pointed out that while the market has strong expectations for a rate cut at the end of the year, it is wise for Fed Chairman Jerome Powell to have made it clear after this week's policy meeting that a December rate cut is not a certainty. He stated, "The dot plot figures indicate different opinions, but don't overinterpret them. We will rely on the data to ensure appropriate decision-making."