PANews reported on September 23 that according to Jinshi, Kashkari of the Federal Reserve said that there is little evidence that recessionary forces are accumulating or that inflation may unexpectedly rise. He pointed out that although the Fed's policy remains tight, there is uncertainty about the degree of future tightening. Kashkari emphasized that the Fed's interest rate path will depend on the upcoming data, and it is expected that the policy rate will be 4.4% at the end of 2024 and 3.4% at the end of 2025. He also said that the 50 basis point rate cut was the right decision to reflect the progress of inflation and the slowdown in the labor market.