Fed’s Bostic warns U.S. progress on inflation is likely to slow, media report says

Fed’s Bostic warns U.S. progress on inflation is likely to slow, media report says

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Atlanta Federal Reserve President Raphael Bostic said inflation could “see-saw” if policy-makers cut interest rates too soon, warning that inflation’s descent towards the central bank’s 2% goal was likely to slow in the months ahead, the Financial Times reported on Sunday. Bostic, who will be a…

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