Fed's Daly: Economy shows one or two rate cuts this year would be more appropriate
Fed's Daly stated that the recent inflation situation is a relief, but progress will not be smooth; inflation is expected to gradually decline, and the labor market is also slowing down; the economy seems to be on the path of one or two interest rate cuts this year "more or less" appropriately; more information is needed before taking the next step completely; so many people are talking about the labor market, which is a significant signal from the Fed; the labor market has slowed down but is still stable.
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