Fed's Rate Cut Prospects Tied to Labor Market Conditions

According to BlockBeats, Jean Boivin, head of the BlackRock Investment Institute, stated that the likelihood of future Federal Reserve rate cuts is closely linked to the condition of the labor market. He highlighted that Federal Reserve Chair Jerome Powell's recent rate cut was a response to increasing signs of labor market weakness, indicating that future policy decisions will be heavily data-dependent. Boivin noted that while pressures on inflation and debt servicing costs are easing, the Federal Reserve might still face challenges in these areas. He warned that if rate cuts boost corporate confidence and hiring, inflation could easily resurge source: https://www.binance.com/en/square/post/29839377973818?utm_source=BinanceNewsRSS