Fed's Bostic still sees a single rate cut this year, amid uncertainty

By Michael S. Derby

NEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he still thinks the U.S. central bank can cut its interest rate target once this year, but there’s a lot of uncertainty around that view.

Bostic said the forecast he offered earlier in the year of one rate cut was “kind of still where I am,” speaking before the Metro Atlanta Chamber. But he added “but I would just say, in today's world, every point estimate or forecast has a wide confidence band around it, and so I'm not stuck on anything.”