Reported about 1 month ago
Atlanta Fed President Raphael Bostic stated that the central bank should not delay cutting interest rates until inflation reaches 2%, as this could disrupt the labor market. He highlighted that while the job market has weakened, it is not fundamentally weak, and current economic conditions warrant reconsideration of restrictive policies. As payroll growth and job openings have declined, economists anticipate a rebound in jobs for August, but the outlook remains cautious with a 50-50 chance of rate cuts in the coming meetings.
Source: YAHOO