"Atlanta Fed President Bostic Foresees Single Rate Cut in Q4"

Atlanta Federal Reserve President Raphael Bostic believes that only one interest rate cut will be necessary this year, likely occurring in the fourth quarter, due to concerns about the pace of inflation. He emphasized the need to wait for more evidence of inflation moving back to the central bank's 2% target before considering rate cuts, making him one of the more hawkish members of the rate-setting body. Bostic's comments come as other Fed officials also indicate a desire to move cautiously on rate cuts, with markets anticipating the Fed will start cutting in June or July.