[Atlanta Fed President Bostic Has Not Yet Decided Whether to Support a Rate Cut Next Month]
Atlanta Federal Reserve Bank President Bostic stated that although he supported the last two rate cuts, he has not yet decided whether to endorse another rate cut next month. Speaking at an event in Seattle, he mentioned that he hopes to determine the most appropriate policy based on the data. Federal Reserve officials are divided on whether to continue cutting rates next month. So far this year, the Fed has cut rates by a total of 50 basis points, and the futures market indicates that the probability of another 25 basis point cut at the December 9-10 meeting is slightly below 50%. Bostic pointed out that employment and inflation are not currently moving toward their targets, with inflation being the more pressing economic risk.