Federal Reserve Official Mester Skeptical of September Rate Cut
BlockBeats News, September 3rd. Federal Reserve's Mester stated that the Federal Reserve has recently maintained its high interest rate stance, in line with recent high inflation and robust labor market performance. He expressed skepticism about a rate cut by the Fed at the September meeting.
After Federal Reserve Chairman Powell opened the door to a rate cut in a speech last month, a rate cut is now seen as the Fed's default option. Mester acknowledged the slowdown in employment growth, but he stated that the labor market still looks solid due to the moderate unemployment rate and low initial jobless claims.
He believes, on the other hand, that there is still considerable uncertainty about inflation, especially considering the pressure from tariffs. Nevertheless, traders still widely expect that a majority of Fed members will support a 25-basis-point rate cut in September, with a probability of 90%. (FXStreet)
You may also like

WLFI at it Again? Banking License Controversy Amid $500M Investment

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
