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Bowman Doesn’t See Rate Cuts Being Warranted This Year

FED
  • Gov. Bowman (voter) told Bloomberg News in an interview that she doesn’t see rate cuts being warranted this year.
  • “I, at this point, have not written in any cuts” for 2024, Bowman said in the interview, referring to the economic projections officials submit each quarter. “I’ve sort of had an even expectation of staying where we are for longer. And that continues to be my base case.”
  • She wants to see a “number of months” of better inflation data and expects it will probably be “a number of meetings” before she’s ready to cut.
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