Raphael Bostic, the President of the Federal Reserve of Atlanta, has hinted that he might favor another 50 basis point rate cut in November if the US Job data improves.
This conditional expectation is not unheard of as other Federal Reserve officials have hinted at similar moves.
All eyes are on the US Job data as it could significantly impact the market.
In an exclusive interview with Reuters, Bostic mentioned this possibility, which could also push Bitcoin prices to $70K.
