A group of former senior central bank officials from around the world stated that the Federal Reserve should abandon its employment-focused policy inclination that has been in place for nearly five years and pay stricter attention to inflation issues. Fawad Razaqzada from City Index and iconForex.com mentioned that the weak PCE inflation data could accelerate the Federal Reserve's interest rate cuts. As of the end of trading on April 30 in New York, the offshore renminbi was quoted at 7.2698 against the US dollar, a decline of 19 points compared to the previous trading day. The three major U.S. stock indices closed mixed, with the Nasdaq down 0.09%, the S&P 500 up 0.14%, and the Dow Jones up 0.35%.
