Atlanta Fed President Bostic Sees Next Move As A Single Quarter Point Rate Cut Towards The End Of Next Year; Sees Inflation Approaching 2% Target By End Of 2025; Still "Work To Do" Lowering Inflation, But Confident Underlying Price Trends Are Slowing
Portfolio Pulse from Benzinga Newsdesk
Atlanta Fed President Bostic predicts a single quarter point rate cut towards the end of next year. He also anticipates inflation approaching the 2% target by the end of 2025, indicating there is still work to do in lowering inflation, but is confident that underlying price trends are slowing.

October 03, 2023 | 5:06 pm
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The predicted rate cut and slowing inflation could impact the SPY ETF. Lower rates generally boost stock prices, but the long-term inflation outlook may cause uncertainty.
A rate cut generally leads to higher stock prices as borrowing costs decrease, potentially boosting the SPY ETF. However, the long-term inflation outlook could introduce uncertainty into the market, potentially impacting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50