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

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According to ChainCatcher, Atlanta Federal Reserve President 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 process of inflation decline this year will be "very bumpy". He also noted that businesses are beginning to expect inflation to rise. (Jinshi)

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