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Fed's Bostic expects one rate cut this year, labor market trends are concerning.
According to ChainCatcher news and Jin10 reports, Atlanta Fed President Bostic stated that he still believes there is a possibility of a rate cut once this year, which is consistent with his prediction in June. He pointed out that the trends in the labor market "may be concerning" and are worth closely following. Bostic emphasized that there is significant uncertainty in predictions in the current environment, and expressed a preference for the Fed to maintain a single direction after taking action, rather than taking action and then reversing.