Federal Reserve Bostic: We cannot wait until the inflation rate reaches 2% to abandon a restrictive stance

Bitget2024/08/28 23:05

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Federal Reserve's Bostic stated that there is still a way to go in terms of inflation; measured by historical standards, employment remains quite strong; the Federal Reserve cannot wait until the inflation rate reaches 2% to abandon its restrictive stance; still waiting for data to determine when to cut interest rates.

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