Fed’s Bostic sees just one rate cuts this year amid uncertainty

By: bitcoin ethereum news|2025/05/16 16:45:05

Atlanta Federal Reserve (Fed) President Raphael Bostic said on Friday that he “sees just one rate cuts this year amid uncertainty.” Additional quotes Economic growth may be 1% or 0.5% this year. Expect slower growth but recession isn’t in my outlook. May have to push against inflation pressures from tariffs. US-China de-escalation changes my outlook ‘a little’. Market reaction The US Dollar Index trims losses following these comments, still down 0.11% on the day near 100.70. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Source: https://www.fxstreet.com/news/feds-bostic-sees-just-one-rate-cuts-this-year-amid-uncertainty-202505160816

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