Created
: 2024.10.01
2024.10.01 02:30
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Monday that further deep cuts could be warranted from the Fed if the US labor market shows unexpected weakness.
I am open to another half-percentage-point rate cut if labor market shows unexpected weakness.
Baseline case is for an 'orderly' easing with inflation expected to continue slowing and job market to hold up.
I do not want to get overconfident on inflation given core personal consumption expenditures price index remains 2.7%.
Business contacts continue to say they do not expect layoffs.
I 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.
Created
: 2024.10.01
Last updated
: 2024.10.01
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