According to Odaily Planet Daily, Fed President Bostic said that the US economy is expected to normalize in the coming months, interest rate cuts are coming, and he hopes to see more data. Recent inflation data has strengthened confidence that inflation will return to 2%.

If the economy develops as expected, interest rates will be cut before the end of the year. Bostic believes that inflation is close to the target and is at an inflection point. He does not want the labor market to turn from hot to cold, and a recession is not within his expectations.