Federal Reserve Bank of Atlanta President Bostic emphasizes inflation concerns, expects one interest rate cut this year.

Raphael Bostic, President of the Atlanta Federal Reserve Bank, reiterated expectations of a rate cut this year, emphasizing concerns about inflation. "Given the trajectory of our two mandates, I am very concerned about inflation, primarily because we see expectations changing in a concerning way," Bostic said in an interview on Monday, referring to consumers' expectations of future price increases. Bostic stated that Moody's decision to downgrade the U.S. credit rating on Friday could have negative consequences for American companies and households seeking to borrow.