Fed’s Goolsbee: If inflation is seen moving toward the 2% target, an early rate cut is entirely possible
According to Jinse Finance, Federal Reserve’s Goolsbee stated that the Fed’s decisions on rate cuts will be made in real time. If it is believed that inflation is moving toward the 2% target, it is entirely possible to cut rates ahead of schedule; if the information is contradictory, the Fed will pause or raise rates.
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
Yemen's Houthis vow more attacks on Saudi airports, oil facilities
Yen slips to a three-week low on US CPI, then recovers it all
Inflation surpasses expectations, impacting small-cap stocks; Russell 2000 drops nearly 2%, confirming a technical correction
On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."
Crypto prices
More
