CoinVoice has recently learned that Federal Reserve Chairman Powell stated: (the statement includes wording about adjusting interest rates) 'The wording on the magnitude and timing indicates that we are at or near a point of slowing interest rate cuts. The slowing pace of rate cuts reflects the rising economic data this year. It is believed that the policy still has substantial restrictive effects.'
As long as the labor market and the economy remain robust, caution can be maintained when considering further interest rate cuts. There are high risks and uncertainties regarding inflation. (Jinshi) [Original link]