Raphael Bostic, President of the Federal Reserve Bank of Atlanta expressed his views on a potential rate cut on Wednesday. However, Bostic expressed caution on the move. What Happened: Bostic acknowledged that the inflation rate has decreased more than expected, while the unemployment rate has risen. This has led him to contemplate a rate cut, as reported by Reuters. He emphasized the need for further confirmation from upcoming economic reports before the Fed’s meeting in September. “I don’t want us to be in a situation where we cut, and then we have to raise rates again: that would be a very …
