#fomc

“Fed is likely on track to cut interest rates this year”

But I think they will not rush into this matter. Because a single economic data is not enough for interest rate reduction.

Fed Vice Chairman Philip Jefferson said that the US Federal Reserve will look at economic data as a whole when evaluating when to start reducing the benchmark policy rate.

Jefferson said, “I am not looking at a single indicator of whether it is time to cut interest rates; there must be a body of evidence regarding macroeconomic performance that says 'the time has come.'” said.#HAMADA99