Fed's Bostic Expects One Rate Cut This Year, Emphasizes Housing Affordability Amid Signs of Economic Slowdown
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Atlanta Fed President Bostic expects one rate cut this year, emphasizing housing affordability amid signs of economic slowdown. He believes the economy will continue to grow, but at a slower pace, and inflation will fall. Bostic suggests increasing housing supply and exploring options like manufactured homes to improve affordability. He sees a single rate cut likely late this year and is focused on determining the right timing. Bostic estimates inflation will return to 2% in late 2025 or early 2026. #Fed #RateCut #HousingAffordability #EconomicSlowdown...

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