Fed's Bostic skeptical of rate cuts in the near future.

Atlanta Federal Reserve President Raphael Bostic said he doesn't foresee rate cuts at least through 2023, even if there's a recession. He believes inflation is the top priority and the Fed needs to get back to its target. Bostic expects an increase in rates would be more likely at this point, despite market pricing indicating that the Fed is done hiking and will be cutting rates multiple times before the end of the year. Bostic remains optimistic on inflation and believes the Fed's policies will get inflation back down to its 2% target.