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TechFlow news, November 2: According to Jinshi News, U.S. Treasury Secretary Bessent said that if inflation declines, the Federal Reserve should cut interest rates. Regarding economic recession, he stated that we are in a transitional period, and if the Fed lowers mortgage rates, it could end the downturn in the real estate market.
According to Jinshi, U.S. Treasury Secretary Bessent said the Fed should cut interest rates if inflation declines. Regarding economic recession, he stated that we are in a transition period, and if the Fed lowers mortgage rates, it could end the downturn in the real estate market.
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