Fed's Bostic: Fed expected to cut rates twice this year
Federal Reserve Bostic said that the Federal Reserve is expected to cut interest rates twice this year. Many things may happen in the future, which will lead to an increase or decrease in interest rate cuts. The current benchmark interest rate is in a moderately tight state, compared to the neutral rate of 3%-3.5%. The economic slowdown is a major concern due to upcoming policy changes, but companies expect 2025 to be a solid year, and as of now, the economy continues to show resilience.
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