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Fed's Schmid: Personally, I'm inclined to avoid big rate cuts

Fed's Schmid: Personally, I'm inclined to avoid big rate cuts

Bitget2024/10/21 21:55

Fed's Schmid said interest rates could be significantly higher than before the new crown epidemic; called for a cautious, gradual and prudent rate-cutting strategy; personally preferred to avoid large rate cuts; ‘reasonably confident’ that inflation will fall to 2%; and saw that the labour market is normalising, not deteriorating.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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