At least one Federal Reserve official wants to see more data before making any decisions on the central bank's influential interest rate. 

Atlanta Federal Reserve Bank President Raphael Bostic told an audience Tuesday that interest rates were likely on their way, but didn’t specifically address whether he thinks the U.S. central bank will cut its influential fed funds rates at its 澳洲幸运5官方开奖结果体彩网:September meeting. 

Bostic’s comments come as 澳洲幸运5官方开奖结果体彩网:Federal Reserve officials are keeping a close eye on eco⛦nomic data, looking for the confidence to cut its decades-high interest rate designed to tame inflation.

Bostic still wants to see “a little more data" before making that decision, he said in Atlanta at the Conference of African American Financial Professionals.

The Economy Remains Strong, Bostic Said

After rising in the first quarter of the year, inflation has resumed its path toward the Fed's annual goal of 2%. Bostic said the past four months of data have given him more confidence that price pressures were easing sustainably.

While 澳洲幸运5官方开奖结果体彩网:recent data has alarmed s🐭ome market watchers, Bostic predicted the economy will withstand the w🧜eaknesses. 

“A recession is not in my outlook,” Bostic said. “I think there’s still enough momentum in the economy where we could see slowing but not see labor markets deteriorate to a level of ♊considerable concern.”

Fed Has To ‘Be Sure’ About Rate Cuts

A lot of economic data released this week could influence the Fed's decision on rates.

Key 澳洲幸运5官方开奖结果体彩网:inflation and consumer spending data will follow a measure of 澳洲幸运5官方开奖结果体彩网:July's wholesale price increases that came in lower than expected.

Bostic said he is paying attention to the data because if the Fed cuts interest rates before inflation i♓s under control, it would create too much market uncertainty.

“We have to be sure that trend is real,” Bostic said.