Fed official Bostic: Still expecting one rate cut in 2025.

Raphael Bostic, President of the Atlanta Federal Reserve Bank, said that if the labor market remains strong, he still believes that a rate cut in 2025 would be appropriate. "For the remainder of this year, my expectation is still for one rate cut," Bostic said at an event in Red Bay, Alabama on Wednesday, "This is also based on the view that the labor market remains strong. If the labor market significantly weakens, the risk balance will start to shift and the appropriate path will also be different."