Fed Chairman Powell: It is not good to cut interest rates too early or too late and is cautious about interest rate cuts
Federal Reserve Chairman Powell said that the PCE inflation report is in line with our expectations; cutting interest rates too early will cause great disruption; but waiting too long may cause unnecessary damage to the economy and the labor market; more "good" inflation data is needed , similar to last year; we have made progress against inflation; we do not need to rush to cut interest rates; we can wait and become more confident before cutting interest rates; the Fed can and will be cautious about cutting interest 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
Vitalik Buterin Clarifies Ethereum Staking Queue And Network Security
Quick Take Summary is AI generated, newsroom reviewed. Vitalik Buterin defended Ethereum staking exit delays as essential for security. The Ethereum staking queue surpassed 2.6 million ETH, worth nearly $11.7 billion. Kiln withdrawal of 1.6 million ETH significantly increased the staking queue. Over 35.6 million ETH remains staked, showing validator confidence persists. Future upgrades may balance validator exit flexibility with network stability.References INSIGHT: Ethereum co-founder Vitalik Buterin has
Ripple unveils XRPL's updated roadmap with plans to launch a native lending protocol
Tether's Compliance Adventure
USAT represents Tether's bet: they can obtain regulatory legitimacy for institutional users while maintaining flexibility for retail users globally.
Bitcoin shows signs of ‘cycle exhaustion’ as BTC price tumbles to $112K
Trending news
MoreCrypto prices
More
