Bitcoin

FED member Raphael Bostic recently made enlightening statements about the US economy.
While Bostic expressed his surprise at the latest data, he also stated that significant progress has been made on inflation. Despite the latest inflation data, Bostic said the FED should be patient about policy decisions.
Bostic stated that there is still more work to be done to reduce inflation pressures. However, he argued that people generally feel good about the state of the economy. The Fed member remains optimistic about inflation returning to 2%.
Looking ahead, Bostic expects interest rates to start lowering in the summer. He also stated that he is open to adjusting the timing of interest rate cuts if the data requires. Bostic predicts two interest rate cuts in 2024, but may support three rate cuts this year if data remains positive.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-us-ppi-data-announced-here-is-the-first-reaction-of-bitcoin-and-dollar-5/" target="_blank" rel="noopener noreferrer nofollow">BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin and Dollar!</a>
Bostic believes the economy still has tremendous momentum. He stated that the decision to start cutting interest rates would be an 'art' and that he was seeking progress in key measures of inflation.
Despite the market's urgency to lower rates, Bostic does not share the same sense of urgency. He said he sees no harm in waiting longer for the discount if the economy performs well.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/fed-member-bostics-critical-remarks-after-inflation-data-will-a-rate-cut-come/" rel="noopener noreferrer nofollow">FED Member Bostic’s Critical Remarks After Inflation Data: Will a Rate Cut Come?</a>

FED Member Bostic’s Critical Remarks After Inflation Data: Will a Rate Cut Come?

Bitcoin Sistemi EN

2024년 2월 16일에 게재된 다른 기사

Crypto Market Sees Major Institutional Investment Surge

Avalanche Foundation Unveils $180M Avalanche Rush for DeFi Growth

Here Are Potential Price Targets for Chainlink Rival That’s Up 85% This Year, According to Crypto...

Soaring Profits: This Crypto Company Outperformed Analysts’ Expectations

LUNC Price Prediction: If Passed, Will This New Proposal Trigger Terra Classic Price Rally?

Nation-State Bitcoin Adoption: 6th Country Joins The Elite Miner Circle

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!