Powell: Fed maintains expectation of two rate cuts in 2025
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Powell: Fed maintains expectation of two rate cuts in 2025
According to Jinshi, Federal Reserve Chair Powell said the unemployment rate remains low and the labor market is not a source of inflation. Sluggish economic growth and rising inflation offset each other, leaving the Fed on track to maintain its expectation of two rate cuts in 2025.
Navigating Web3 tides with focused insightsTechFlow news, April 4 — According to Jinshi News, Federal Reserve Chair Powell delivered a speech on the economic outlook today. He stated that the unemployment rate remains low and the labor market is not a source of inflation. Sluggish economic growth and rising inflation offset each other, leading the Fed to maintain its expectation of two rate cuts in 2025.
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