$XRP
📢🎤🎤 Fed's Goolsbee: The labor market is cooling at a "mild and modest pace" 🌡️, and there's room for rate cuts if inflation keeps coming down 📉
Shouldn't get "aggressive" with cuts and ain't thinking about 50 bps moves 🚫
This statement comes from Chicago Fed President Austan Goolsbee 🤝, who believes long-term trends in labor market and inflation data justify the central bank easing interest rate policy steadily over the next year 📆
Key Points from Goolsbee's Statement 📝
- Labor Market 💼: Cooling at a mild and modest pace, allowing for potential interest rate cuts 📊
- Inflation 📈: If it continues to decline, there may be room for more interest rate cuts 💸
- Monetary Policy 📊: Interest rate cuts should be cautious and non-aggressive, avoiding large moves like 50 basis points ⚖️
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