Lates News

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, reiterated his expectation of a rate cut this year while expressing concerns about inflation. "Given the trajectory of our two mandates, I am very concerned about inflation mainly because we see expectations changing in a concerning way," Bostic said in an interview on Monday, referring to consumers' expectations of future price increases. Bostic also said that Moody's decision to downgrade the US credit rating on Friday may have a negative impact on American businesses and households seeking loans.