Thursday, two Federal Reserve officials expressed their views on interest rate cuts. Chicago Federal Reserve Bank President Austan Goolsbee’s attitude towards the interest rate cut has loosened, saying that if inflation data continues to cool down as in May, the central bank will be able to cut interest rates However, another official with voting rights this year, Thomas Barkin, stated that he needs to determine the inflation path before supporting an interest rate cut.
(Fed officials clearly state interest rates should be lowered this year, and a sharp increase in unemployment or rapid)
(Background supplement: The US May retail data “lower than expected” strengthens the possibility of Fed rate cuts; Bitcoin rebounds after hitting $64kTable of Contents
officials: If inflation continues to decline then “interest rates can be cut”
Barkin: Clear decline in inflation is needed before cutting
FedWatch: Probability of a rate cut in September exceeds 64%
In May’s CPI and retail data announced by the US Bureau of Labor Statistics this month were both lower than market expectations. This indicates that after inflation continues to cool down, digital Federal ReserveFed) have all clearly stated that if economic conditions continue to develop as expected, an interest rate cut be appropriate for this year.
Even Chicago Federal Reserve Bank President Austan Goolsbee’s attitude towards an interest rate cut has noticeably loosened since stating in April that it was necessary for the Fed to make progress against stagnating inflation containment efforts.