Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Fed's Daley: It's too early to declare victory over inflation or think an interest rate cut is imminent

CointimeCointime2024/01/20 01:05
By:Cointime

On January 20th, the President of the Federal Reserve Bank of San Francisco, Daly, stated that it is premature to declare victory over inflation and we have not yet lowered inflation to 2%. He also believes that it is too early to consider cutting interest rates.

Before Daly made this statement, US short-term interest rate futures traders had changed their bets and believed that the Federal Reserve would not begin cutting interest rates before the May meeting. According to CME's "Federal Reserve Watch" data, the likelihood of a rate cut by the Federal Reserve in March has dropped to below 50%. (Jin10)

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Former US President Donald Trump Made a Payment Using Bitcoin

The 45th President of the United States, Donald Trump, paid the bill using Bitcoin (BTC) at a venue he visited today. Here are the details.

Bitcoinsistemi2024/09/19 00:15

Cencora Pays Record $75M Ransom in Major Cyberattack

In its July quarterly report, Cencora reported $31.4 million in expenses mainly due to the cybersecurity breach.

Cryptotimes2024/09/18 23:33