FED Governors: Latest Statements About Inflation and Economy!
FED managers Daly, Bostic and Musalem talked about inflation and the economy.
Important points:
* Even though inflation data was below expectations, cryptocurrency prices did not increase.
* The FED plans to make 1 or 2 interest rate cuts this year.
* Daly: He said that inflation is still high and interest rate increases may continue.
* Bostic: He said that interest rate increases may slow down economic growth, but it is necessary to control inflation.
* Musalem: He said that the economy is still strong and a soft landing is possible despite the interest rate increases.
For investors:
* Follow FED's statements on interest rate hikes and inflation.
* Consider these factors when making your investment decisions.
* The cryptocurrency market is risky and do detailed research before investing.
