Atlanta Fed President Bostic: Has not yet decided whether to support a rate cut next month.

Golden Finance reported that Atlanta Federal Reserve Bank President Bostic hinted that, while he supports the recent two rate cuts, he has not yet decided whether to agree to another cut next month. Bostic stated at an event in Seattle on Friday: “I can accept the first two rate cuts, as for the next one, we still need to wait and see. I hope to judge what kind of policy is most appropriate based on data.” Federal Reserve officials currently have serious disagreements about whether to continue cutting rates next month. So far this year, the Fed has cut rates a total of 50 basis points. According to futures market pricing, investors currently believe there is slightly less than a 50% chance of another 25 basis point cut at the December 9-10 meeting. Bostic pointed out that the current situation is challenging, as “we are not making progress towards our targets on either side of our dual mandate (i.e., employment and inflation).” Earlier this week, he stated that inflation remains a “more clear and urgent risk” in the economy.