Fed’s Bostic says US employment and growth to stay robust
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Raphael Bostic, president of the Federal Reserve Bank of Atlanta, projects US GDP growth at about 2% in 2025 and 2.6% for 2024; he expects inflation to be choppy while employment remains robust; the Fed's benchmark rate is currently 4.75%-5% and may drop to 3%-3.5% in the long run; borrowing costs were lowered by 0.5% last month; Bostic is open to steady rates in upcoming meetings depending on economic data.
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