Fed’s Bostic foresees rate cuts in Q3, sets high bar for earlier action

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<p>Atlanta Fed Raphael Bostic said overnight that he now projects Fed to begin cutting interest rates in the third quarter of this year, a shift in timing from his previous expectation of the fourth quarter. This adjustment is a response to the recent economic data, as he explained, “Because I’m data dependent, I have incorporated […]</p>
<p>The post <a href="https://www.actionforex.com/live-comments/535932-feds-bostic-foresees-rate-cuts-in-q3-sets-high-bar-for-earlier-action/">Fed’s Bostic foresees rate cuts in Q3, sets high bar for earlier action</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>