News

BlockBeats News, on September 15, David Mericle, Chief US Economist at Goldman Sachs, stated that the key issue for the September FOMC meeting is whether the committee will signal that this could be the first step in a series of rate cuts. We expect the statement to acknowledge the weakening labor market, but do not anticipate any change in policy guidance or an implicit approval of a rate cut in October.

BlockBeats News, on September 15, the U.S. Senate will vote on the nomination of Milan as a Federal Reserve Board member on Monday evening local time. According to the Senate schedule, senators will hold a procedural vote at 5:30 p.m. local time (5:30 a.m. on the 16th, Beijing time), and the final confirmation vote will begin around 8:00 p.m. (8:00 a.m. on the 16th, Beijing time). If all formal procedures are completed smoothly (confirmation of the nomination, paperwork, and swearing-in), Milan may be able to participate in the Federal Reserve's interest rate meeting starting this Tuesday. However, it is still uncertain whether he can complete the swearing-in and participate in the meeting within a short enough time; it usually takes a few days from Senate approval to taking office, but there have been precedents where some board members participated in the FOMC interest rate meeting just one day after their nomination was confirmed. (Golden Ten Data)