Atlanta Federal Reserve President Raphael Bostic has signaled openness to a potential interest rate cut in September, marking a shift in his stance on monetary policy. In an interview with the Financial Times, Bostic emphasized the need for timely action as inflation cools and the labor market shows signs of weakening. This aligns with market expectations and recent economic data, suggesting the Federal Reserve may be preparing to ease its monetary policy for the first time in this cycle. Bostic’s comments reflect a growing consensus among Fed officials that the time for rate cuts may be approaching, though he remains cautious about the pace and magnitude of potential reductions.
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