"For the rest of the year, I still have one forecast," Bostic said Wednesday at an event in Red Bay, Alabama. "That's based on the assumption that labor markets will remain stable. If they weaken significantly, the balance of risks will start to look different, and the right path will also look different."

Speaking separately on Wednesday, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, said the central bank's autumn meetings would be conducted in real time, during which he and his colleagues would attempt to interpret mixed economic data and determine the best course for rate adjustments. He did not indicate which direction he was leaning toward.

It is worth recalling the weak July employment report, in which data for the previous two months were also revised downward. This appears to have deepened divisions among Fed policymakers over the need for a rate cut at their next meeting in September. These widening differences create market uncertainty, prompting investors to seek safe-haven assets. On one hand, slowing job growth may indicate a broader economic downturn, requiring prompt Fed intervention through rate cuts. This could, in turn, stimulate economic activity and boost consumer spending. On the other hand, some Fed officials may take a more conservative stance, believing that rate cuts could overheat the economy and fuel inflation. They may argue that current economic indicators, despite the weak jobs report, are still strong enough to justify keeping interest rates unchanged.

Another Fed official, Kansas City Fed President Jeff Schmid, appeared unfazed by Tuesday's inflation report and stated he wants to keep rates at a restrictive level. Richmond Fed President Tom Barkin said it remains unclear whether the central bank should focus on containing inflation or supporting the labor market.

Others, such as San Francisco Fed President Mary Daly and Minneapolis Fed's Neel Kashkari, spoke more openly in favor of a rate cut last week. Governors Christopher Waller and Michelle Bowman also expressed support for a cut, citing labor market concerns, when the rest of the Federal Open Market Committee voted on July 30 to keep rates unchanged.

This year, the Fed leadership has kept lending rates steady amid concerns that President Donald Trump's tariffs could fuel inflation and slow growth.

According to Tuesday's Consumer Price Index data, core inflation accelerated in July, while prices for goods subject to tariffs continued to rise but at a slower pace than in June.

Current EUR/USD Technical Outlook: At present, buyers need to reclaim the 1.1730 level. Only then will they be able to target a test of 1.1770. From there, a move to 1.1790 becomes possible, but achieving this without the support of major players will be quite challenging. The most distant target is the 1.1695 high. In case of a decline, I expect significant buying interest only around 1.1666. If no buyers appear there, it would be better to wait for a retest of the 1.1630 low or to consider opening long positions from 1.1600.

Current GBP/USD Technical Outlook: Pound buyers need to break above the nearest resistance at 1.3580. Only then can they target 1.3615, which will be difficult to surpass. The most distant target is the 1.3640 level. In case of a drop, bears will attempt to regain control over 1.3550. If successful, a break below this range would deal a serious blow to the bulls and push GBP/USD down to the 1.3520 low, with the potential to reach 1.3480.