Fed's Bostic: Rate cut may be appropriate before year-end

BlockBeats news, on May 17, Fed Bostic said that he was satisfied with the progress of inflation in April, but the Fed has not yet reached its target. The decline in housing inflation is an important progress.

It may be appropriate to cut interest rates before the end of the year, but we do not have any definite plans. We must be open to a wide range of possibilities, and there are "many different scenarios" that may occur.

We are watching inflation in May and June to ensure that it does not rebound. (Jinshi)