Fed Bostic: There is no urgency to cut interest rates at the moment, and interest rates will be cut twice in the second half of next year

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Cointime2023/12/20 00:45

By:Cointime

On Tuesday (December 19th), Atlanta Fed President Bostic stated that due to the strong momentum of the US economy and the need to ensure inflation returns to the target level of 2%, there is currently no urgency for the Fed to lower interest rates. He also said that with inflation continuing to decline, he expects the Fed to cut interest rates twice in the second half of next year. However, he emphasized that policymakers have not yet had active discussions on this matter.

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