Fed’s Bostic: open to changing outlook on rate cut timing

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Atlanta Federal Reserve (Fed) President Raphael Bostic is crossing the newswires on Friday, reaffirming his stance on rate cut expectations ahead of the Fed entering the “blackout” period before the US central bank’s next rate meeting, slated for January 31.

Key highlights

• Atlanta Fed President Bostic: I am open to changing my outlook on the timing of rate cuts.
• Fed remains data-dependent, Bostic will only change position if inflation numbers change.
• Fed’s Bostic needs to see inflation well on the way to 2% before actively advocating for rate cuts.