🇺🇸 U.S. Treasury Secretary Becerra urges the Federal Reserve to continue lowering interest rates in September, saying the timing is late

🔹 U.S. Treasury Secretary Scott Becerra stated on Fox Business News that the current key issue is whether the Federal Reserve will lower interest rates by 0.5% in September.

🔹 He pointed out that if the employment data for May and June is weaker than initially reported, the Federal Reserve may take preemptive measures to lower interest rates.

🔹 Yesterday's U.S. inflation data was mixed, with core inflation still rising. However, the market reacted optimistically, with investors having priced in the possibility of a rate cut in September and expecting continued rate cuts within the year, believing that the Federal Reserve will prioritize protecting the labor market when necessary, rather than focusing on inflation.