Federal Reserve's Daly: So far, a 100 basis point rate cut is correct, and there may be "much fewer" rate cuts next year

ChainCatcher news, according to Jinshi reports, Federal Reserve's Daly stated that I am confident that the 100 basis points cut so far is correct, and the calibration phase has ended. The Federal Reserve is very satisfied with the forecast of two rate cuts in 2025.

Now, before further rate cuts, we will wait cautiously. My prediction is that the number of rate cuts next year will be much less than we previously expected.