FED Interest Rate Cut

Atlanta Federal Reserve President Raphael Bostic stated on Monday that he might be suited to an additional half-percentage-point interest rate cut if impending data indicates that job growth is slowing more quickly than anticipated.

"I think we have the luxury of being a bit more patient with rate decreases if the narrative is that inflation is continuing to decline and the labour market is remaining robust", according to Bostic.

However, "A surprise to the weak side .... would pull me much further into really needing another dramatic move" Bostic said in an interview with Reuters.

Bostic's remarks and shifting projections throughout the year highlight the delicate balancing that the Fed is currently performing as worries about the pace of potential softening of the U.S. job market intensify.

Bostic stated earlier in the year that he did not think rate cuts would be necessary until later in the year, but that he supported the significant decrease in September and that more would be forthcoming as inflation declined more quickly than he had predicted.