TechFlow news — According to Jinshi, Fed's Bostic said a large initial rate cut is appropriate and expressed strong satisfaction with this approach. He added that the Fed will act proactively when inflation rises, expects inflation to reach 2% by the end of 2025, and that this timeline (inflation reaching 2% by end-2025) should coincide with rates moving down to neutral levels. The neutral policy rate is in the range of 3% to 3.5%, and there are multiple paths to reach this level.
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