Fed's Bostic expects only one rate cut this year, down from two previously forecast

Odaily Planet Daily News Atlanta Fed President Bostic said in an interview that he currently expects only one rate cut this year. This is lower than his previous expectation of two rate cuts. Bostic said he changed his forecast because he believes that the decline in inflation this year will be "very bumpy." He also said that companies are beginning to expect inflation to rise. He hopes that the current reduction in the balance sheet will be maintained until the reduction is completely stopped. In order to ensure that the Fed does not go too far, it is appropriate to slow down the pace of balance sheet reduction. (Jinshi)