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Bostic: Inflation is expected to gradually fall to 2% this year, but the Federal Reserve should still be cautious

The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...

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2025-01-08 06:01:28