Federal Reserve Bostic: Support to cut interest rates by 50 basis points
2024-09-23 12:15:29
Midland Reserve Bostic published support rates cut 50 basis pointsdesk3cryptocurrencydesktopCrypto News
The Federal Reserve's Bostic speech said that it supports a 50 basis point cut in interest rates to find a compromise between inflation uncertainty and labor market risks. Economic normalization is "faster than previously expected" and monetary policy needs to be adjusted accordingly. Recent data show that the United States is steadily moving towards a sustainable path of price stability. With interest rates so high, differences in the level of neutral interest rates are "irrelevant". (Jin Ten)
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