Atlanta Federal Reserve President Raphael Bostic has reiterated his expectation for a single interest rate cut in 2024. Speaking recently, Bostic emphasized that the timing and implementation of this rate cut hinges significantly on the performance of the labor market. "I still believe that one rate cut this year is appropriate," Bostic stated, underscoring the Fed's data-driven approach. This approach means closely monitoring employment figures, wage growth, and overall labor market tightness before making any policy adjustments. While Bostic's stance provides some clarity, the future path of interest rates remains uncertain. The Fed will continue to assess economic data, balancing the risks of inflation against the potential for slowing economic growth. ```