Fed's Bostic reiterates forecast for one rate cut this year, but leaves room for more

Atlanta Fed President Bostic reiterated his expectation of one rate cut this year, but added that he was open to delaying or further rate cuts if the economic situation changes. Bostic emphasized the continued strength of the U.S. economy and labor market, but said signs of weakness in the job market would prompt him to consider earlier and more rate cuts than currently expected. Previously, he said he expected the Fed to cut interest rates in the fourth quarter. He said: "I do think the risks are balanced, given that the U.S. economy has been so strong, strong and resilient - I can't rule out the possibility that rate cuts may even have to be postponed further." But he also said: "If I start to get different signals that the labor market is going to face a lot of pain, then I would be willing to change our policy stance and perhaps cut interest rates earlier." (Jinshi)