Feds Bostic: Wants to make sure inflation is on way to 2% before cuts

Atlanta Fed Pres. Bostic is speaking ahead of the “black out period” which is a prelude to the Fed rate decision on January 31. He says:

  • He wants to make sure that inflation is on its way to 2% before cuts
  • He is open to changing his rate cut outlook if inflation and data improves

Bostic has been a bit more hawkish in his commentary this week, but is consistent with what other Fed officials who are not expecting six cuts in 2024.

This article was written by Greg Michalowski at www.forexlive.com. Source