Bostic: A rate cut in December is not a foregone conclusion
According to ChainCatcher, citing a report from Golden Ten Data, Atlanta Federal Reserve President Bostic made it clear on Friday that a rate cut in December is not a foregone conclusion. He emphasized that each meeting involves on-the-spot decision-making, with no predetermined path, and that the principle of data dependency will not be abandoned. Although the market holds strong expectations for a rate cut by the end of the year, Federal Reserve Chairman Powell stated after this week's policy meeting that it is wise not to consider a December rate cut as a certainty. Bostic pointed out that the dot plot values indicate differing views, and decisions will depend on data to ensure appropriateness.
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