According to Techub News, Jin10 reported that Federal Reserve Board of Governors member Bowman stated that recent employment growth data has been significantly revised downward, highlighting the reasons the Fed should cut interest rates. The evident weakness in the labor market outweighs the risks of rising inflation in the future, and she expects to support interest rate cuts in all three remaining meetings of the Fed this year. With economic growth slowing down this year and signs of weakening labor market vitality becoming clearer, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)