Atlanta Federal Reserve Bank President Raphael Bostic told CNBC he only sees one rate cut this year, occurring in the fourth quarter. Bostic, who tends to be more hawkish, is concerned inflation won’t come down as fast as many are hoping. In their latest Summary of Economic Projections, most officials see three rate cuts this year.
As Yahoo Finance’s Josh Schafer explains in the video above, it may actually be a good thing if the Fed can’t cut in June.
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