Fed's Bostic Expects One Rate Cut in 2019, Cites Housing Concerns

• Fed’s Bostic reiterates expectation for one interest rate cut later this year • Still sees rate cut happening in 4th quarter, not in a hurry to start cutting • Bostic forecasts economy will keep growing, inflation will keep falling but slowly • Remains open to adjusting rate outlook if "something surprising happens" • Highlights housing affordability issues in the U.S., especially for renters in the Southeast