Federal Reserve's Bostic: Open to Rate Cuts Before July If Inflation Falls Faster Than Expected

Federal Reserve's Bostic stated that if there is "persuasive" evidence that inflation is declining more quickly than anticipated, he is open to rate cuts before July. Bostic reiterated that the baseline is to start cutting rates from the third quarter but emphasized the need for caution to avoid prematurely triggering a resurgence of inflationary pressures.