BNY Mellon: The urgency for further tightening by the Federal Reserve has decreased.

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BlockBeats news, July 6 - Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that the softening of U.S. labor data and improvement in inflation data have reduced the urgency for the Federal Reserve to further tighten, but this has not resolved whether the slowdown in growth is manageable or whether policy expectations have been over-adjusted.

He stated: "The global narrative is becoming less unified." In the U.S., the question is whether the Fed can remain patient without the risk of inflation re-emerging; in Europe, the focus of discussion is shifting from emergency inflation management to issues such as economic growth, fiscal credibility, and defense financing.

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