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Atlanta Fed's Bostic now sees only one rate cut this year

Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add the cost of coming tariffs to their prices, "the appropriate path for policy is also going to be pushed back," Bostic said in an interview on Bloomberg. Bostic had previously expected the Fed would cut rates twice this year, a view his colleagues largely maintained at their meeting last week when the median policymaker projection saw two quarter-point rate cuts in 2025.

Crypto Exchange Kraken Explores Up to $1 Billion Debt Package

(Bloomberg) -- Crypto exchange Kraken is exploring raising as much as $1 billion in debt ahead of a potential initial public offering, according to people with knowledge of the matter.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at th