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Fed’s Bostic Sees Large Rate Cut Bolstering Labor Market
Posted
September 23, 2024
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1:06Now PlayingFederal Reserve Bank of Atlanta President Raphael Bostic says a large move to start the central bank’s cutting cycle will help bring interest rates closer to neutral levels as the risks between inflation and employment become more balanced. Bostic said, “the labor market is not yet flashing red for me,” as he spoke Monday to an event organized by the European Economics and Financial Centre.
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