Bostic: Labor market risks rising, but a lot of data to come before September meeting

WASHINGTON, Aug 7 (Reuters) - Risks to the job market have increased, but it remains too soon to commit to rate cuts, with more data coming before the next meeting of the U.S. Federal Reserve and inflation still expected to rise in coming months, Atlanta Fed president Raphael Bostic said on Thursday.

Bostic, in comments to a Florida business group, said he still felt a quarter percentage point rate cut was likely all that will be appropriate this year, but "we're actually going to get a lot of data around inflation, around what's happening in terms of employment, that will allow me to think about...the relative balance of risks between inflation and employment. The employment number did say that the risk on the employment side is much higher than it had been...I will definitely be looking carefully."