"Federal Reserve's Bostic Discusses Timing for Interest-Rate Cuts and Policy Perspectives"

Federal Reserve Bank of Atlanta President Raphael Bostic stated that there is no rush to cut interest rates as the US labor market and economy remain strong, and cautioned that it's not yet clear if inflation is heading sustainably to the central bank’s 2% target. Bostic emphasized the need for more confidence in inflation returning to the target before considering a rate cut, and highlighted the risks that could keep inflation above 2%. He also mentioned that he anticipates the first rate cut to occur in the third quarter of this year and urged vigilance in the inflation fight, citing evidence from data and business contacts.