Fed's Bostic: Willing to consider another 50 basis point rate cut if labor market unexpectedly weakens

Fed President Bostic said that if the labor market shows unexpected weakness, he is willing to consider another 50 basis point rate cut. The baseline expectation is an "orderly" easing of policy. Inflation is expected to continue to slow and the labor market will remain stable. Since the core PCE index remains at 2.7%, he does not want to be overconfident about inflation and will pay close attention to the upcoming employment data. If employment growth is significantly lower than 100,000 jobs, it will be necessary to explore the current situation in more depth. (Jinshi)