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Sooner rate cuts may fuel economic wave, undo inflation progress: Fed’s Bostic

Sooner rate cuts may fuel economic wave, undo inflation progress: Fed’s Bostic

© Reuters Investing.com — Atlanta Fed President Raphael Bostic said Monday that more progress would be needed to back interest rate cuts flagging the risk that expectations for sooner rate cuts could spark a wave of economic activity, undoing the central bank’s recent progress on curbing inflation  “I need to see more progress to feel fully confident that…