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

Banking the unbanked, but this time for real?

Kriptoworld2025/05/11 01:55

Ripple and SEC made a $50 million deal

Kriptoworld2025/05/11 01:55

Altcoins Gear Up for Profitable Rally

Altcoin holders could be in for major gains as market sentiment turns bullish.Altcoin Holders Anticipate Major GainsWhat’s Fueling the Altcoin Rally?Time to Watch the Altcoin Market Closely

Coinomedia2025/05/10 23:44
Altcoins Gear Up for Profitable Rally

Best Cryptos to Buy Now: Why Qubetics, Cardano, and Toncoin Are Dominating 2025’s Blockchain Revolution

Explore why Qubetics, Cardano, and Toncoin are the best cryptos to buy now in 2025, with groundbreaking innovations and real-world applications.Qubetics ($TICS): Bridging Real-World Assets with BlockchainCardano (ADA): Pioneering Sustainable Blockchain SolutionsToncoin (TON): Revolutionizing Digital InteractionsUnderstanding Real World Asset TokenizationConclusion

Coinomedia2025/05/10 23:44
Best Cryptos to Buy Now: Why Qubetics, Cardano, and Toncoin Are Dominating 2025’s Blockchain Revolution