Fed rate cut outlook: Bostic calls inflation's progress 'slow'

Atlanta Federal Reserve President Raphael Bostic's commentary this week suggested that the era of higher-for-longer interest rates will continue. Bostic noted that progress on tamingRafael Bostic is the latest of a plethora of FED speakers this week to come out saying that the fed may have to keep rates higher for longer.

Once again, with everybody remembers the transitory episode from a few years ago as far as interest rates. And yesterday, it was only yesterday that we got the composite PM is those are purchasing purchasing manager manager index surveys.This is a small report that doesn't usually move the market, but it suggests according to S and P, what's what's interesting and this is a quote from S AND P.

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Fed’s Raphael Bostic says U.S. economy likely slowing, though rate-cut timing uncertainThe Atlanta Federal Reserve President says he still has ‘belief’ that interest rates can be lowered this year despite a first quarter in which the pace of price increases seemed to stall well above the Fed’s 2% target
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