 while other parts were not previously disclosed to the public. The head of the Federal Reserve Bank of Atlanta still thinks interest rates will be cut once this year. Rafael Bostic says recent inflation reports contain glimmers of evidence that price pressures are easing, and it's likely rates will be cut in the fourth quarter. Netflix announced it's expanding its existing production hub in Albuquerque, New Mexico. The streaming video company says the expansion will allow it to produce more films and series for its global audience.