Fed Chairman: Committee has broad disagreement on rate cut, March rate cut unlikely

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Cointime2024/02/01 00:20

By:Cointime

Federal Reserve Chairman Powell stated that interest rates may have peaked and have clearly entered a restrictive range. If necessary, the current interest rate will be maintained for a long time. No interest rate cut proposal was put forward at this meeting and interest rate cuts were not actively considered. In addition, there is a wide range of opinions within the committee regarding interest rate cuts, and it is believed that it is unlikely to cut interest rates in March. Based on data, interest rate cuts may be postponed or advanced, and it is uncertain how many months of low inflation are needed to gain "confidence". (Jinshi)

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