Federal Reserve Poised for Interest Rate Cut Amid Economic Shifts

According to BlockBeats, recent analysis from The Kobeissi Letter suggests that Federal Reserve Chair Jerome Powell is poised to implement an interest rate cut in the coming month, attributing the decision to a weakening labor market. This development coincides with the Producer Price Index (PPI) inflation rate reaching its highest increase in three years, while the Consumer Price Index (CPI) inflation rate has remained above 2% for 53 consecutive months. Understanding the Federal Reserve's responsibilities is crucial to grasping the current situation. The Fed aims to reduce unemployment and prevent inflation or deflation, known as its 'dual mandate source: https://www.binance.com/en/square/post/28733141137690?utm_source=BinanceNewsRSS