![Fed Bostic Atlanta](https://images.forexlive.com/images/Fed%20Bostic%20Atlanta_id_a312202e-ec3b-40e1-9507-87dacd83d0c3_size900.jpg)
- Baseline is no rate cuts until the second half of 2024 at earliest
- Inflation is unacceptably high but there has been significant progress
- Data consistent with 'orderly slowdown'
- We are in a phase where there is some risk of overtightening
- says he would have 'grudgingly' voted for a rate hike in July
- If progress on inflation stalls, I would be comfortable contemplating a rate hike
Bostic is a voter next year. The dovish tone isn't new.