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Fed’s Bostic makes case for first rate cut in July-September quarter

Por: MarketWatch Politics January 18, 2024

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On reason to hold off earlier cuts is that the current economic environment is “unpredictable,” and it would be unwise to lock in “an emphatic approach” to interest-rate policy, Bostic said. “Premature rate cuts could unleash a surge in demand that could initiate upward pressure on prices,” he warned. Bostic’s speech is one of the last Fed speeches ahead of the central bank’s Jan. 30-31 policy meeting. There is a clear consensus... + full article



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