Fed rate cut outlook: Bostic calls inflation's progress 'slow'

Atlanta Federal Reserve President Raphael Bostic's commentary this week suggested that the era of higher-for-longer interest rates will continue. Bostic noted that progress on taming inflation continues to be "slow," signaling that a Federal Reserve rate cut is unlikely in the near term. Yahoo Finance's Jared Blikre breaks down the details, dissecting the implications of Bostic's statements and their impact on rate-cut outlooks. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith