Federal Reserve Considers Interest Rate Cuts Amid Stable Bond Yields

According to BlockBeats, Federal Reserve Governor Waller has expressed support for interest rate cuts at the upcoming meeting. The yield on the U.S. 10-year Treasury bond has remained stable. Waller indicated that multiple rate cuts might be necessary, whether at consecutive meetings or alternating ones, depending on economic data. He emphasized that there is no need to adhere to a fixed sequence for rate reductions. The goal is to prevent a downturn in the labor market. Waller acknowledged the likelihood of a minor inflation fluctuation but assured that it would not be permanent, predicting that inflation would approach the 2% target within six months.