Biden made a rare statement: the start of the rate cut will be delayed by at least one month

On April 11, despite the latest report showing high inflation, US President Biden said he still expected the Federal Reserve to cut interest rates before the end of the year. Biden said that Wednesday's report may delay the start of the rate cut by at least one month, but he was not sure how the Fed would eventually act.

The three consecutive months of the US core CPI exceeding expectations have dealt a new blow to Biden's re-election prospects, exacerbating voters' concerns that Biden will be punished for high prices. But Biden defended his economic policies while acknowledging the stubbornness of inflation. "We have significantly reduced inflation from 9% to nearly 3%, and we are in a better situation." Biden said. Traditionally, the White House does not usually comment on the Fed's decisions, and the president has previously promised to respect the independence of the central bank. But Biden said last month that he expected the Fed to cut interest rates$BTC $BNB #非农数据 #大盘走势 #CPI数据