According to Odaily, Federal Reserve's Raphael Bostic has expressed optimism about the normalization of the U.S. economy in the coming months. He indicated that interest rate cuts are on the horizon, contingent on the availability of more data. Recent inflation figures have bolstered confidence that inflation will return to the 2% target. Bostic mentioned that if the economy progresses as expected, rate cuts could occur before the end of the year. He emphasized that the economy is at a pivotal point where inflation is nearing the target. Additionally, Bostic stated that he does not want the labor market to shift from being overheated to extremely cold. He also noted that a recession is not within his expectations.