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

<p>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:</p><ul><li>He wants to make sure that inflation is on its way to 2% before cuts</li><li>He is open to changing his rate cut outlook if inflation and data improves</li></ul><p>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.</p>

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