Federal Reserve Bostic: Interest rate cuts are coming, I hope to see more data

The Federal Reserve's Bostic said that the U.S. economy is expected to normalize in the coming months; interest rate cuts are coming, and we hope to see more data; recent inflation data has strengthened confidence that inflation will return to 2%; if the economy develops as expected, we will cut interest rates before the end of the year; we are at an inflection point where inflation is close to our target; we do not want the labor market to turn from hot to cold; and a recession is not within his expectations.