Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated that he expects the U.S. economy to slow down this year, but he does not anticipate it will enter a recession, noting that he still expects only one rate cut during 2025.

Bostic clarified in an interview published today, but conducted on May 14 as part of Bloomberg's "Odd Lots" podcast, that economic growth may range between 0.5% and 1% this year, indicating that uncertainty and concerns about the future negatively affect consumer behavior. He also pointed out that fluctuations in trade policies have made companies more hesitant to make major investment decisions.

He added: "I expect only one cut this year... partly because I believe that the uncertainty is unlikely to be resolved quickly."

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