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Federal Reserve spokesperson: Expected to pause rate cuts, recovery path remains unclear

GateNews
Source: ChainCatcher

ChainCatcher message, according to Jinshi reports, “Federal Reserve mouthpiece” Nick Timiraos stated that Federal Reserve officials expect to hold interest rates steady for the first time, after three consecutive rate cuts since September last year.

The conditions for the Federal Reserve to restart rate cuts depend on a collapse in the labor market or a significant decline in inflation to the 2% target level. Despite political pressure, most officials believe that a rate cut may still occur later this year, but there are disagreements on when the data will support a rate cut.

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