Raphael Bostic, a Federal Reserve official, discussed his views on inflation and the labor market. He mentioned that the decline in inflation is progressing as expected, but warned against overconfidence in the fight against rising prices. Bostic emphasized the importance of upcoming employment data and stated that if employment growth falls significantly below 100,000, a thorough assessment of the economic situation will be necessary. While Bostic expects a stable labor market, he is open to considering a rate cut as a precautionary measure if unexpected weaknesses arise. Overall, the Fed's expectation is for a gradual easing of policy, with slowing inflation and a stable labor market.



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