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TechFlow news, according to Jinshi Data, on July 2, Federal Reserve Chair Powell said the downward trend in inflation shows signs of resuming, emphasizing that significant progress has been made on inflation. He noted that more data like recent readings are needed, and greater confidence is required before cutting policy rates. Meanwhile, Powell stated that the labor market remains strong, and the Fed will continue to maintain steady growth.
According to Jinshi Data, on July 2, Federal Reserve Chair Powell said the inflation decline trend showed signs of resuming, emphasizing that substantial progress had been made on inflation. He noted that more data like recent readings would be needed, and greater confidence would be required before cutting policy rates. Meanwhile, Powell stated that the labor market remains strong, and the Fed will continue to maintain steady growth.
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