Fed press conference:
Bloomberg TV: The Fed said it only expected one rate cut, but the economic report didn't change much and inflation expectations haven't changed much from now until the end of the year. So why wait for interest rates to drop once? Do you have real estate and banking concerns?
FED: We think that at this interest rate the economy will slow down sooner or later. We all know that when we increase interest rates, one day the interest rates will decrease, and when the data is as expected, we will reduce the interest rates. No officials at the Fed think it is necessary to raise interest rates further.
The real estate situation is very complex, there is no cause for concern at the moment, although we think there will be more demand than supply. As for the banks, the situation is still good, they had some trouble last year but this year the banks are well capitalized.
