TechFlow news, according to Jinshi Data, on July 2, Federal Reserve Chair Powell stated that the labor market remains strong and the trend of declining inflation is back on track, but more confidence is needed before cutting interest rates. He expects inflation could return to 2% by the end of next year or the year after. Powell emphasized that the Fed will take action if the labor market unexpectedly weakens, while noting the impact of high interest rates on the real estate market.
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