Federal Reserve Governor Bowman: Supports Starting Rate Cuts in September, Recommends Three Cuts This Year
According to ChainCatcher, citing Jinshi Data, Federal Reserve Governor Bowman stated that the recent significant downward revision in employment growth data highlights the reasons why the Fed should cut interest rates. The evident weakness in the labor market outweighs the risk of future inflation rising, and she expects to support rate cuts at each of the remaining three Fed meetings this year. As economic growth slows this year and signs of a weakening job market become clearer, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound holds gains as UK GDP and Industrial Production beat expectations
South Korea holds emergency meeting to rescue the market: excessive stock market declines may trigger contingency plan if necessary
South Korea’s financial regulatory authorities held an emergency meeting on the stock market and issued an official statement, calling for proactive measures to ensure market stability and protect investors. The statement urges financial institutions to avoid excessive credit extension and to strengthen investor protection and risk management. It emphasized that disruptive market behaviors will be dealt with strictly, and that emergency response plans will be activated if necessary.
BoJ Koeda: Need to adjust monetary policy appropriately in light of upside price risks
Crypto prices
More
