Fed policymakers are cautious: more data needed before rate cut, to ensure no forced rate hikes after the first cut

The Federal Reserve's policymakers are cautious and require more data to support a rate cut, ensuring that they will not be forced to raise rates again after the initial cut. Bostic expressed willingness to wait for a rate cut but believes that interest rates will be lower by the end of the year. He is concerned about the rising unemployment rate but considers it a positive development. Investors believe there is more than a 50% chance of a 50 basis point rate cut in September. The Federal Reserve will hold its annual symposium in Jackson Hole next week. Powell is expected to deliver a speech