📊 Fed Update: Raphael Bostic on Rate Cuts
According to BlockBeats, Atlanta Federal Reserve President Raphael Bostic has made it clear that despite rising concerns over employment, persistent inflation worries are stopping him from supporting another interest rate cut in October.
In a recent interview, Bostic explained that during last week’s Fed meeting, he had only planned for one rate cut in the entire year of 2025. Since that cut has already been delivered, he currently sees no reason for additional cuts in the upcoming October and December meetings.
Bostic stressed that his outlook is “written in very light pencil,” showing uncertainty about the right policy path. Still, inflation staying above the Fed’s 2% target remains his top concern.
> “I am worried that inflation has been too high for too long,” Bostic said. “Therefore, I will not push for or support a rate cut in October, but we will have to see how things develop.”
🗓️ The next Federal Reserve meeting is scheduled for October 28–29 (ET).