Fed may need to stay patient on rates until summer, Bostic signals

Atlanta Federal Reserve Bank President Raphael Bostic remarks on the ongoing transition in the economy, indicating that a lack of clarity surrounding tariffs, inflation, and consumer sentiment could obstruct interest rate decisions until late spring or summer.

Interest-rate futures are suggesting the Federal Reserve might begin cutting rates as early as May 2025, with Bostic urging patience while assessing economic trends and responses.