Fed's Bostic: Fed expected to cut rates twice this year

the Federal Reserve's Bostic said that the Fed is expected to cut interest rates twice this year. Many things could happen in the future, leading to an increase or decrease in the rate cut. The current benchmark interest rate is in a moderately tight state compared to the neutral rate of 3%-3.5%. Due to upcoming policy changes, economic slowdown is a major focus, but businesses expect 2025 to be a stable year. As of now, the economy continues to show resilience.