Wu said that according to fxstreet, Atlanta Fed President Rafael Bostic said on Thursday that as inflation is moving in the right direction, there is a high possibility of a rate cut in the fourth quarter. Key points include: The Fed plans to cut interest rates four times by 25 percentage points each time in 2025, which is a long-term trend; before the first rate cut, it will ensure that inflation will return to 2%, which should be seen as the beginning of a series of rate cuts; inflation remains a major concern, and companies say they believe that the job market will not collapse suddenly; the Fed can achieve a 2% inflation rate while keeping the job market tight; he remains confident that housing inflation will fall back to normal levels; GDP and job market data show that economic activity is slowing down in an orderly manner, which will balance supply and demand and reduce inflation.
