Fed's Bostic open to another large rate cut if job market weakens
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Atlanta Federal Reserve president Raphael Bostic expressed openness to a half-percentage-point interest rate cut at the November meeting if job growth data shows significant weakness; Bostic's baseline outlook anticipates an 'orderly' easing over 15 months, targeting a policy rate of 3.00%-3.25% by the end of 2025; inflation slowed to 2.2% in August, near the Fed's 2% target; Bostic emphasized the importance of job growth remaining above 100,000 positions monthly to absorb labor market entrants; he noted that business contacts in his district do not anticipate layoffs, indicating a still-strong labor market.

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