TechFlow news — On January 9, according to Jinshi News, Philadelphia Fed President Hawk said the Federal Reserve will proceed with rate cuts as planned, but the exact timing will depend on economic data. Since September 2024, the Fed's benchmark interest rate has been lowered by 100 basis points.
Hawk emphasized that although the return of inflation to the 2% target is progressing slowly, the overall economy remains strong. He pointed out global risks including geopolitical conflicts, political instability in Europe, and the potential impact of avian influenza on food costs. The Fed's December meeting projected two rate cuts this year, down from the previously expected four.
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