TechFlow news, September 22 — According to Jinshi Data, Fed's Bostic said concerns about inflation will make him temporarily reluctant to support another rate cut in October, even though economic risks have recently shifted toward greater concerns over employment. In an interview, Bostic stated that at last week’s Fed meeting, he projected only one rate cut for all of 2025.
Since the Fed cut rates last week, this indicates it currently does not expect further cuts during its two remaining meetings this year. "I'm concerned about persistently high inflation," Bostic said. "So I wouldn't act or support it today, but we'll see what happens." Bostic had also projected a single rate cut in 2025 during the June meeting. He said he was satisfied with last week’s decision to cut rates because, compared to three months ago, economic risks are now more balanced between weak employment and rising inflation, whereas inflation was the top priority back then.
