Federal Reserve's Daly: The economy shows that one or two rate cuts this year are more appropriate

ChainCatcher news, according to Caixin, Federal Reserve's Daly stated that the recent inflation situation is a relief, but progress will not be smooth; inflation is expected to gradually decline, and the labor market is also gradually slowing down; the economy seems to be on a path that is "more or less" suitable for one or two rate cuts this year.

Before taking the next step, more information is needed; so many people are talking about the labor market, which is a significant signal from the Federal Reserve; the labor market has slowed down but remains solid.