Atlanta Federal Reserve President's Interest Rate Projection

(Reuters) – Atlanta Federal Reserve President Raphael Bostic announced on Tuesday that he expects only one more interest rate reduction of 25 basis points this year, updating his projections following last month's U.S. central bank meeting.

> "The median was for … 50 basis points more, above and beyond the 50 basis points that was done in September. My dot was 25 basis points more," Bostic noted during an event in Atlanta.

Bostic emphasized that his projection is not fixed and will be revised based on incoming data regarding inflation and the job market.

> "I am keeping my options open," he stated.

Last month, the Fed reduced rates by 50 basis points, marking the beginning of a series of anticipated reductions over the coming year to alleviate some of the policy constraints implemented to curb inflation.