Fed's Bostic Predicts Significant Rate Cut Amid Inflation Control Efforts

According to PANews, Federal Reserve's Bostic has expressed satisfaction with the initial significant rate cut, stating that the Fed will take proactive measures if inflation rises. He anticipates that the inflation rate will reach 2% by the end of 2025. This timeline aligns with the expectation that interest rates will return to a neutral level by then. The neutral policy rate is projected to be within the range of 3% to 3.5%, with various methods available to achieve this target.