Atlanta Federal Reserve President Raphael Bostic's commentary this week suggested that the era of higher-for-longer interest rates will continue. Bostic noted that progress on taming inflation continues to be "slow," signaling that a Federal Reserve rate cut is unlikely in the near term.

Yahoo Finance's Jared Blikre breaks down the details, dissecting the implications of Bostic's statements and their impact on rate-cut outlooks.

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This post was written by Angel Smith