Federal Reserve's Bostic: Inflation pressures intensify, supports keeping interest rates unchanged

Atlanta Federal Reserve President Raphael Bostic expressed support for maintaining interest rates unchanged, pointing out recent rising inflation pressures. He mentioned signs in the economy indicating intensified inflation pressures, noting that although the core inflation rate in June was below expectations, tariffs have begun to push up prices for certain goods. Bostic expressed concerns about future inflation trends and did not comment on Trump's reports regarding the dismissal of the Federal Reserve Chairman. Investors expect the Federal Reserve to resume interest rate cuts at the September policy meeting