🔶Federal Reserve Bostic: Interest rates are expected to rise above 5% in 2023

Fed Bostic said: We still need to stick to the end, the current inflation is too high. My preference would be to raise rates to 5%-5.25% and then leave them there. I expect interest rates to rise above 5% in 2023. We need to keep interest rates at their peak until 2024, and there is little urgency to cut rates.