Fed's Bostic hints at rate cut in 2025, markets respond originally appeared on TheStreet .
The Federal Reserve Bank of Atlanta President and CEO Raphael Bostic said he is open to the possibility of a single cut in interest rates sometime later this year.
The crypto market remained rather dull and didn't have a strong reaction to the Fed member's comment.
The total crypto market cap stood at $3.32 trillion at the time of writing, up 1.8% a day. As per Kraken , Bitcoin was trading at $105,277.65 at press time, up 1.3% a day.
Bostic, however, added that he was in no hurry to adjust "our policy stance." He continued:
I continue to believe the best approach for monetary policy is patience.
Bostic said that he had hinted at a single rate cut for 2025 while releasing the central bank forecasts in March, and he still thinks it is a possibility. But a lot will depend on "how the uncertainty resolves itself," he added.
The uncertainty Bostic referred to was the one arising from President Donald Trump's aggressive tariff policy. The banker said the Fed will have to wait and see how the heightened uncertainty affects jobs and prices.
As of now, the inflation still remains above the Fed's target of 2%, Bostic underlined. Earlier, Fed Chair Jerome Powell also reiterated the bank's commitment to meeting the 2% inflation target.
Bostic said he is "very cautious about jumping to cuts at this point."
Note that the next Federal Open Market Committee (FOMC) meeting will be on June 17-18, in which Bostic doesn't hold a vote this year.
The crypto market, earlier insulated from broader macroeconomic trends such as interest rate cuts, is now known to react sharply to such Fed decisions. A potential rate cut in the future is expected to send the crypto market soaring.
Fed's Bostic hints at rate cut in 2025, markets respond first appeared on TheStreet on Jun 3, 2025
This story was originally reported by TheStreet on Jun 3, 2025, where it first appeared.