Fed’s Bostic Signals Caution, Giving Bitcoin a Modest Lift

Bostic Sees Job Market Softening, Hints at 2025 Rate Cuts

Investors received an unexpected dovish signal on Thursday from Atlanta Fed President Raphael Bostic, who suggested the U.S. job market is showing signs of cooling.

“I consider employment conditions stable, but the evidence of a slowdown is growing,” Bostic wrote in an essay. He noted that job seekers are facing more challenges than they did a few months ago, with hiring probabilities now lower than pre-pandemic levels. “As a result,” he added, “the average unemployment duration has increased by about three weeks since August.”

Bostic also pointed to a deceleration in rent prices—tracked by services like Zillow and Redfin—as an indicator that inflationary pressures could ease further in the coming months.

He described the Fed’s current policy stance as “moderately restrictive” and predicted two interest rate cuts in 2025.

Following his remarks, U.S. Treasury yields and the dollar edged lower, while Bitcoin (BTC) saw a modest 0.5% boost, climbing to $97,600.