Federal Reserve's Bostic: Expects only one rate cut this year, down from the previous forecast of two

ChainCatcher news, Atlanta Fed President Bostic stated in an interview that he currently expects only one rate cut this year. This is lower than his previous expectation of two rate cuts. Bostic mentioned that he changed his forecast because he believes the process of inflation retreating this year will be "very bumpy." He also noted that businesses are beginning to expect inflation to rise. (Jin Ten)