Federal Reserve Bostic: Inflation rate will not return to 2% before early 2027

According to a report by Golden Finance, the Federal Reserve's Bostic Bank stated that the inflation rate will not return to 2% before early 2027. It was originally expected that there would be two interest rate cuts this year, but now only one is expected. It is crucial to restore the inflation rate to 2%; If the economy experiences a downturn, the Federal Reserve will respond accordingly.