According to Jinshi data reports, Federal Reserve Governor Bowman stated that recent employment growth data has been significantly revised downwards, highlighting the reasons for the Federal Reserve to cut interest rates. The apparent weakness in the labor market outweighs the risks of rising inflation in the future.
She expects to support interest rate cuts at all three remaining meetings of the Federal Reserve this year. As the economy slows down this year and signs of weakening in the job market become clearer, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.
