Federal Reserve's Schmid: Hopes to see more data before interest rate cuts

ChainCatcher message, Federal Reserve's Schmidt stated that he wants to see more economic data before supporting any decision to start cutting interest rates. Schmidt acknowledged that inflation is moving in the right direction, while believing that the Federal Reserve should remain patient. "For me, it makes sense to really focus on some data in the coming weeks. Before we take action, at least before I take action or suggest taking action, I think we need to see more information." "I still believe that if we are not cautious in our decision-making, we might see a slight rebound in demand." Regarding the non-farm revision data released yesterday, he said, "While this is a big number, it doesn't really change my thinking when considering monetary policy." (Jin Ten)