FED official Raphael Bostic shared his important views on inflation and the labor market and stated that the latest data show that the ongoing decline in inflation is progressing as expected.
Speaking about the Personal Consumption Expenditures (PCE) index, Bostic underlined that core inflation remained at 2.7% and warned against overconfidence in the fight against rising prices.
While Bostic stated that the upcoming employment data is important, he stated that the FED will closely monitor the employment increase figures. He noted that if employment growth falls significantly below 100,000, the FED will need to evaluate the economic situation more deeply.
Bostic said in his meetings with business leaders that companies do not expect widespread layoffs, which is consistent with the Fed’s expectation of a stable labor market. However, if the labor market shows unexpected weakness, Bostic is open to considering a 50 basis point rate cut as a precautionary measure.
Looking ahead, Bostic confirmed that the Fed’s key expectation is for “orderly” policy easing, maintaining a stable labor market while inflation continues to slow.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/fedden-bir-50-baz-puan-indirim-daha-mi-geliyor-bostic-aciklama-yapti/
