Fed’s Bostic:The labor market is performing incredibly well

• Labor market is performing incredibly well.
• Latest inflation number show careful monitoring still needed.
• Deployment of AI will likely mean fewer workers are needed in some industries.
• May be a wide gap in skills between the jobs destroyed by AI and those created by it
• The Fed is sitting tight until there is more clarity
• The Fed will not move until it has enough information to do so
• Tariff discussion has lots of moving parts. Impact will depend on final details
• Patience suggests that the next cut will happen later in order to have time to get more information.
• Would not be comfortable moving again on rates until there is more clarity on direction of the economy.

This article was written by Greg Michalowski at www.forexlive.com.