TechFlow news, April 18 — According to Jinshi Data, Federal Reserve's Daly said she is comfortable with the expectation of two rate cuts this year, but if inflation proves stickier, there could be fewer than two cuts. Further rate cuts will follow if economic growth slows. A gradual reduction in policy rates without a sense of urgency is the right approach. The Fed's sole commitment is to restore price stability. The U.S. currently has a stable labor market, but price stability still needs to be achieved.
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