Atlanta Fed’s Bostic now sees only one rate cut this year

Atlanta Federal Reserve President Raphael Bostic now anticipates a single quarter-point rate cut by the end of this year. He cites slower inflation progress and businesses passing anticipated tariff costs to consumers as significant factors.

Concerns over inflation persist, with Bostic indicating that businesses may fully transfer tariff costs to consumers, which could affect overall inflation. This stance contrasts with previous forecasts held by his colleagues.