02:50 PM EDT, 06/27/2024 (MT Newswires) -- Atlanta Fed President Raphael Bostic (voter) said in an essay that he still sees a rate cut possible in Q4 but added that there could be scenarios for no cuts, more cuts, or even a rate increase depending on the incoming data.

Bostic said there are encouraging signs of slowing inflation but noted that he needs to see more improvement in shelter inflation and services prices before he can be confident enough to lower rates.

Recent comments of note:

(June 26) The result of the Fed's annual stress test showed that all 31 banks examined in the survey would remain well capitalized in the event of a financial shock and recession, but losses would be larger than in last year's test due to higher risk and expenses.

(June 25) Fed Governor Michelle Bowman (voter) said the Federal Open Market Committee is not yet able to lower the policy rate and should consider multiple scenarios and "remain cautious" about reducing interest rates too soon or too quickly. Bowman repeated previous comments that she would be willing to raise rates further at a future meeting if inflation progress stalls.

(June 25) Fed Governor Lisa Cook (voter) said the FOMC will consider multiple outcomes for the economy when making monetary policy decision and deal with uncertainty by looking closely at the data. She said that current policy is "well positioned" to deal with changes to the economy.

(June 24) San Francisco Fed President Mary Daly (voter) said the FOMC must remain open to adjusting policy as needed but said that the bumpiness of recent inflation and uncertainty going forward has not provided the FOMC enough confidence to lower rates yet.