According to Odaily Planet Daily, Federal Reserve Chairman Bostic said that if the labor market shows unexpected weakness, he is willing to consider cutting interest rates by another 50 basis points, and the baseline expectation is to relax policy in an "orderly" manner.

Inflation is expected to continue to slow and the labor market will remain stable. As the core PCE index remains at 2.7%, we do not want to be overconfident about inflation and will pay close attention to the upcoming employment data.

If job growth were to fall significantly below 100,000 jobs, we would need to look more deeply into the situation.