Fed’s Bostic sees one rate cut in 2025 because it will take 6 months to assess tariffs’ economic impact

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The size and scope of the tariffs caught the Fed and businesses off guard, Bostic said.

The one rate cut for the year is an adjustment to Bostic’s own forecast from February, when said he was expecting two cuts in 2025.

Last week, Walmart—the biggest retailer in the world, which prides itself on keeping prices low—said it expected it would have to raise them because its own costs were going up.

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Article Details

Author / Journalist: Paolo Confino

Category: EconomyBusiness

Markets: United States

Topics: Unemployment U.S. economy Federal Reserve Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 16:12:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 681 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 171 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28844937

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Official Website: fortune.com

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