Fed's Bostic: Rate cut is coming, hope to see more data
Bostic said that the US economy is expected to normalize in the coming months; rate cut is coming, hope to see more data; recent inflation data has strengthened the confidence that inflation will return to 2%; if the economy develops as expected, rate cut will be made before the end of the year; inflation is at the inflection point close to the target; do not want the labor market to turn from hot to cold; economic recession is not within his expectations.
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