Core Viewpoint - Federal Reserve official Bostic emphasized the significance of non-farm payroll data and indicated that there is no readiness to raise expectations for interest rate cuts in 2025 [1] Group 1 - Bostic highlighted the importance of non-farm employment data in assessing economic conditions [1] - The current stance does not support an increase in expectations for rate cuts before 2025 [1]

Group 1 - The recent U.S. non-farm payroll data indicates a significant decline in the labor market, suggesting a broader weakening of the U.S. economy [1] - Despite the latest employment data, there is no intention to alter decisions at the upcoming FOMC monetary policy meeting, as the job market still appears to be in good shape [2] - There is no readiness to raise expectations for interest rate cuts before 2025, as the gap between inflation targets and employment targets remains significant [2]