TechFlow news, on November 15, according to Cailian Press, Atlanta Federal Reserve Bank President Bostic hinted that while he supported the previous two rate cuts, he has not yet decided whether to support another cut next month. Speaking at an event in Seattle on Friday, Bostic said: "I was comfortable with the first two rate cuts, but for the next one, we'll have to wait and see. I want to let the data guide us on what policy is most appropriate." Federal Reserve officials are currently deeply divided over whether another rate cut should be implemented next month. The Fed has cumulatively cut rates by 50 basis points this year. According to futures market pricing, investors currently assign a slightly less than 50% probability of another 25 basis point rate cut at the December 9–10 meeting. Bostic pointed out that the current situation is challenging because "on both aspects of our dual mandate—employment and inflation—we're not moving toward our goals." Earlier this week, he stated that inflation remains the "clearer and more pressing risk" in the economy.
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