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Federal Reserve Bank of Atlanta President Raphael Bostic has reportedly revised his forecast, anticipating only one interest-rate cut this year, likely occurring later than initially anticipated. The Atlanta Fed chief previously advocated for two rate cuts in 2024, suggesting the first cut might occur in the summer, Bloomberg reported. Bostic informed reporters in Atlanta on Friday that it was a “close call.” “We will have to see how the data come in over the next several weeks,” he added. Fed officials, maintaining interest rates for a fifth consecutive meeting Wednesday, narrowly upheld thei…

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