{"id":101303,"date":"2024-05-17T00:29:00","date_gmt":"2024-05-16T20:29:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=101303"},"modified":"2024-05-17T00:44:22","modified_gmt":"2024-05-16T20:44:22","slug":"fed-officials-stick-to-cautious-language-but-rate-cut-seems-likely","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/fed-officials-stick-to-cautious-language-but-rate-cut-seems-likely\/05\/17\/market-updates\/","title":{"rendered":"Fed officials stick to cautious language, but rate cut seems likely"},"content":{"rendered":"\n<p>Federal Reserve Bank of Atlanta President Raphael Bostic appeared late Thursday alluding towards the possibility of late-2024 rate cuts, but cautioned the need for patience on interest rates.<br><br><strong>Key Remarks By Bostic<br><\/strong> <br>I am pleased with inflation progress in April but the Fed is not yet there. The Fed has to be patient and vigilant.<br><br>There is still a lot of pricing pressure in the economy.<br><br>I am hearing businesses say they are at the limits of pricing power and not able to fully pass-through input costs.<br><br>Firms can&#8217;t 100% pass through prices, the economy is slowing.<br><br>It could be appropriate to reduce rates toward year end.<br><br>My outlook right now is for continued fall in inflation, which would make appropriate to reduce rates later in the year, but nothing not locked in.<br><br>I expect inflation to fall slowly, continued economic momentum.<br><br>I have to be open to a broad range of possibilities, with a number of different scenarios that could play out.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Bank of Atlanta President Raphael Bostic appeared late Thursday alluding towards the possibility of late-2024 rate cuts, but cautioned the need for patience on interest rates.Key Remarks By Bostic I am pleased with inflation progress in April but the Fed is not yet there. The Fed has to be patient and vigilant.There is &hellip;<\/p>\n","protected":false},"author":13,"featured_media":93880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,6891,9364,7740,6858],"class_list":["post-101303","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-prices","tag-raphael-bostic","tag-rate-cut","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=101303"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101303\/revisions"}],"predecessor-version":[{"id":101313,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101303\/revisions\/101313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/93880"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=101303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=101303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=101303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}