Federal Reserve's Daly: A rate cut in the fall is more appropriate given the weak labor market, and the economic fundamentals are moving towards a rate cut

ChainCatcher news, according to Jinshi Data, Federal Reserve official Daly stated that a rate cut in the fall seems more appropriate unless there is a softening in the labor market. He pointed out that the economic fundamentals are moving in a direction that may require a rate cut, company CEOs are cautiously optimistic about tariffs, and the impact of other possible tariff measures on inflation may not be as significant.

Daly emphasized the need to continue monitoring policy trends in the future, and if there are no tariff measures, consideration will be given to normalizing interest rates. He also mentioned that the continuous decline in inflation is good news, and concerns about the impact of tariffs on inflation are not as severe as initially announced. So far, the economic situation is good, and the policy is also in balance.