Atlanta Fed President: "Rate Cuts May Need to Wait for a While Based on Data"

The pace of interest rate cuts by the Federal Reserve (Fed) is expected to slow down.

On the 3rd (local time), Rafael Bostic, President of the Atlanta Federal Reserve Bank, stated that he wants to wait for a while before the next rate cut amid the uncertainty of the U.S. economy.

Speaking at an event hosted by the Atlanta Rotary Club, President Bostic said, "I want to see what a 100bp cut last year means for the economy," adding, "We may need to wait for a while based on the data."

President Bostic mentioned, "Inflation will continue to decline," and "The Fed expects housing inflation to continue to fall."

He emphasized, "Job starts will be robust, and the current labor market does not constrain businesses."

President Bostic noted, "Tariffs are one aspect of uncertainty," and predicted, "Businesses are likely to pass tariffs onto prices."