The Federal Reserve's Daly: There may still be two interest rate cuts this year, but the interest rate needs to remain stable to ensure inflation reaches the target.

According to ChainCatcher news, Jin10 reported that The Federal Reserve (FED) official Daly stated on Thursday that although policymakers may still cut interest rates twice this year, the current interest rates should remain stable to ensure that the inflation rate can reach the FED’s target of 2%. Daly emphasized that as long as the inflation rate is above the target and there is uncertainty, the inflation rate will become the focus of attention, given the robust conditions in the labor market. Additionally, the U.S. trade court’s ruling on Trump’s tariff measures was overturned by the appeals court on Thursday, highlighting the uncertainty in trade policy, which many businesses and the Federal Reserve find concerning.