Fed's Bostic repeats that he sees an initial rate cut in Q3

<ul><li>Plans to work with team over the next six months to get a better view of how balance sheet policy should evolve</li><li>Businesses say that hiring practices are normalizing as is the ability to pass along price increases</li><li>Labor market risks are much more balanced; many sectors not showing growth</li><li>Inflation and employment mandates are not yet in conflict</li><li>Labor markets remain strong in the aggregate and suggest continued momentum in the economy</li></ul><p>There's no shift from Bostic, who is a moderate hawk.</p>

This article was written by Adam Button at www.forexlive.com.