The Golden Finance reported that Bowman, a member of the Federal Reserve, reiterated that a rate cut would be appropriate if inflation continues to slow; there has been some progress in dropping inflation recently, but the inflation level remains uncomfortably above the committee's 2% target; although the unemployment rate has dropped, it is still at a historical low; there is still a belief that there is a rise risk in inflation.
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LongAndShortSuckers
· 2024-08-20 18:14
The Golden Finance reported that Bowman, a member of the Federal Reserve, reiterated that a rate cut would be appropriate if inflation continues to slow; there has been some progress in dropping inflation recently, but the inflation level remains uncomfortably above the committee's 2% target; although the unemployment rate has dropped, it is still at a historical low; there is still a belief that there is a rise risk in inflation.
Fed Governor Bowman reiterated: Rate cuts would be appropriate if inflation continues to slow down.
The Golden Finance reported that Bowman, a member of the Federal Reserve, reiterated that a rate cut would be appropriate if inflation continues to slow; there has been some progress in dropping inflation recently, but the inflation level remains uncomfortably above the committee's 2% target; although the unemployment rate has dropped, it is still at a historical low; there is still a belief that there is a rise risk in inflation.