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Fed's Daly: No reason yet to see any halt to rate cuts
Golden Finance reported that Fed Chairman Powell said that the Fed will continue to adjust its policies to adapt to the economic situation; it is expected to continue to cut interest rates in the future; there is no reason to stop cutting interest rates yet; monetary policy is definitely still tight; I don’t want to see further deterioration in the labor market; the recent interest rate cuts by the Fed only passed with a slight advantage, at that time I strongly supported a 50 basis point rate cut.