Atlanta and New York Fed Presidents Bostic and Williams predict that inflation will moderate and return to target levels.
Atlanta Fed President Raphael Bostic said he expects inflation measures to move back into the target range, while New York Fed President John Williams anticipates inflation to start moderating in the second half of the year. Both Fed officials expressed hope that the current high inflation rates will normalize, with Bostic emphasizing that reducing the breadth of price growth would increase his confidence in cutting interest rates.
May 30, 2024
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