Fed's Bostic: Rate cut should be brought forward to third quarter

This article is machine translated
Show original

On August 29, Fed President Bostic said that if we need to raise interest rates again after cutting interest rates, it is not a good idea. Inflation has fallen faster than expected, while the rise in unemployment has far exceeded my expectations. The labor market is still quite strong by historical standards. We can't wait until inflation falls to 2% to change restrictive policies. We still need to work on inflation. This means we should bring forward the rate cut to the third quarter. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments