US May Be on ‘Cusp’ of Inflation Slowdown, Fed’s Bostic Tells CNBC

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland, on Feb. 13, 2019. Clodagh Kilcoyne/Reuters

WASHINGTON—The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster pace of interest rate increases this year.

“I am very hopeful we are going to start to see that decline ... There is some evidence we are on the cusp of that,” Bostic said in an interview on CNBC.