Federal Reserve's Kashkari: Further modest rate cuts are appropriate
I'm PortAI, I can summarize articles.
Kashkari pointed out that the US labor market remains strong, with the recent employment report being encouraging, indicating that a rapid weakening of the labor market does not seem imminent. The inflation rate has fallen significantly from its peak but remains slightly above the Federal Reserve's target. Kashkari previously stated that he was satisfied with the Fed's 50 basis point rate cut in September, and that a quarter-point rate cut at each of the remaining two meetings this year would be a "reasonable starting point"
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments