Federal Reserve Bank of Atlanta President Raphael Bostic said it will likely be appropriate to lower interest rates in the fourth quarter, emphasizing the bumpy nature of inflation progress. Bostic reiterated his expectation for just one rate cut this year, pointing to the strength of the economy and a slower decline in inflation. The Atlanta Fed chief is a voting member of the Fed’s policy-setting committee this year. “I think it will be appropriate for us to start moving down at the end of this year, the fourth quarter,” Bostic said in an interview with CNBC. “If that trajectory slows down in terms of inflation, ... (full story)