Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Is Another 50 Basis Point Cut Coming From The FED? Bostic Made a Statement

Is Another 50 Basis Point Cut Coming From The FED? Bostic Made a Statement

BitcoinsistemiBitcoinsistemi2024/09/30 20:09
By:Mete Demiralp

FED official Bostic said in his statement that he was open to considering a further conditional 50 basis point reduction.

Fed official Raphael Bostic shared his key views on inflation and the labor market, stating 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.

Bostic said that the upcoming employment data is important and that the Fed will be closely monitoring the employment growth figures. He noted that if employment growth falls significantly below 100,000, the Fed will need to assess the economic situation more thoroughly.

Related News BREAKING: cryptocurrency Exchange Coinbase Announces It Will List a New Altcoin

Bostic said in discussions 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 reaffirmed that the Fed's baseline expectation is for “orderly” policy easing, with inflation continuing to slow while a stable labor market is maintained.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

US stocks retreat from session highs as China trade deal remains uncertain

President Trump’s comments that he will not look to fire Fed Chair Jerome Powell sent stocks higher in after-hours trading Tuesday

Blockworks2025/04/24 09:33

Is BTC in ‘up only’ mode after rising above $94K?

“Bitcoin does not require a strong equity rally to move higher,” YouHodler markets chief Ruslan Lienkha said

Blockworks2025/04/24 09:33

Revenue diversity fuels analyst’s latest COIN ‘buy’ rating

Why an analyst is kicking off COIN coverage with “buy” rating

Blockworks2025/04/24 09:33

Bitcoin Rises 6.5%: Potential Catalysts for Future surge Amid Decreasing Demand

Exploring How Stablecoin Demand Could Ignite Bitcoin's Next Surge Amid Market Uncertainties

Coineagle2025/04/24 09:11
Bitcoin Rises 6.5%: Potential Catalysts for Future surge Amid Decreasing Demand