Bostic: Rate Cuts Not Expected Until Summer As Labor Market Keeps Inflation Elevated
- Rate cuts not expected until summer at the earliest, says Atlanta Fed President Bostic
- Bostic expects inflation to fall to "lower twos" by end of 2024
- Labor market strength could keep inflation elevated
- Bostic pulled rate cut forecast forward from Q4 as inflation improved
- Still needs more data before supporting rate cuts to avoid "head fakes"
