Federal Reserve's Moulton Salem Urges Caution in Rate Cut, Forecasts Strong Economic Rebound in First Quarter Next Year
BlockBeats News, November 10th, Federal Reserve's Mester stated that he expects a strong rebound in the U.S. economy in early next year, underscoring officials' need to be cautious about further rate cuts. He mentioned factors such as fiscal support, the effects of previous rate cuts, and regulatory easing. Mester reiterated his view that the current Fed policy is near a point where it is no longer putting downward pressure on inflation. We must proceed with caution, which is very important because I believe there is limited room for further rate cuts, otherwise monetary policy will become excessively accommodative. After two rate cuts this year, Fed officials differ on how much further cuts are needed. Fed Chair Powell stated last month that a December rate cut is not set in stone. Several officials speaking since the central bank's October meeting have also advocated for a pause in rate cuts in December, emphasizing the need to contain inflation above the target. (FXStreet)
You may also like
Dan Bin's latest speech: Don't miss out on a great era
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
