Investing.com — Atlanta Federal Reserve President Raphael Bostic signified on Monday that he was open to support another 50 basis point rate cut at the Fed’s November oughtto the labor market program unanticipated weakpoint.
“A surprise to the weak side … would pull me much more into truly requiring another significant relocation,” Bostic stated in an interview with Reuters.
Recent information proving that its fight with inflation continues to make development has urged the Fed to deepened its outlook on the labor market as the main bank looksfor to prevent a spike in joblessness that might thwart the economy.
The Atlanta Fed president stated