Powell: Fed can take its time to make the right decision on rate cuts
Odaily2024/07/02 14:24
By:Odaily
Odaily News Fed Chairman Powell said the labor
market remains strong, but considerable progress has been made in inflation, and the path of inflation decline is back on track. At the same time, Powell said that if the labor market unexpectedly weakens, this will also prompt us to take action. But he declined to comment on whether this means a rate cut in September. He said the Fed has the ability to take the time to make the right decision (rate cuts), although he is well aware of the risks of acting too slowly and too late. (Jinshi)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
Oasis (ROSE) Breakout Alert: Targeting $0.133, $0.305, and $0.415
Cryptonewsland•2024/09/21 21:06
President Nayib Bukele Meets Musk at Tesla, Discusses El Salvador’s Tech Future
Cryptonewsland•2024/09/21 21:06
Dogecoin’s Bullish Momentum Builds, but Can It Break $0.11?
Cryptonewsland•2024/09/21 21:06
US spot bitcoin ETFs see inflows worth $92 million; BTC edges down
U.S. spot bitcoin exchange-traded funds (ETFs) recorded total daily net inflows of $92 million on Friday, spread across seven funds.
The Block•2024/09/21 20:33
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$63,134.38
-0.22%
Ethereum
ETH
$2,564.74
+0.61%
Tether USDt
USDT
$1
+0.00%
BNB
BNB
$584.39
+2.68%
Solana
SOL
$147.59
-0.02%
USDC
USDC
$1
+0.00%
XRP
XRP
$0.5965
+1.54%
Dogecoin
DOGE
$0.1088
+2.83%
TRON
TRX
$0.1521
-0.04%
Cardano
ADA
$0.3565
+0.83%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, SCR, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now