🌐 Breaking | Jerome Powell:
• If inflation decreases rapidly and unemployment rises significantly, it might be appropriate to cut rates in September. However, if inflation remains stable and doesn’t decrease, the Federal Reserve will not cut rates.
• Upcoming economic data will determine the Fed’s next move.
• The current labor market situation does not contribute to achieving the inflation target, and we want to see more calm in the labor market.
#US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
