Fed's Bostic Says He Is Open To Another Half-Percentage-Point Rate Cut If Labor Market Shows Unexpected Weakness; Says Baseline Case Is For An 'Orderly' Easing With Inflation Expected To Continue Slowing And Job Market To Hold Up; He Does Not Want To...

Benzinga · 00:25

Fed's Bostic Says He Is Open To Another Half-Percentage-Point Rate Cut If Labor Market Shows Unexpected Weakness; Says Baseline Case Is For An 'Orderly' Easing With Inflation Expected To Continue Slowing And Job Market To Hold Up; He Does Not Want To Get Overconfident On Inflation Given Core Personal Consumption Expenditures Price Index Remains 2.7%; Will Be Watching Upcoming Jobs Data Closely; If Employment Growth Slows Much Below 100,000 Jobs, It Would Warrant Closer Questioning Of What Is Happening

- Reuters

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Fed's Bostic Says He Is Open To Another Half-Percentage-Point Rate Cut If Labor Market Shows Unexpected Weakness; Says Baseline Case Is For An 'Orderly' Easing With Inflation Expected To Continue Slowing And Job Market To Hold Up; He Does Not Want To...

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