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Fed's Gullspie: Rate cut will soon be guaranteed
On July 15th, Jin10 Data reported that, according to Nick Timiraos, the "Federal Reserve Speaker," Charles Evans of the Federal Reserve said that the mild inflation data for June last week has made him believe that price pressures are easing, which supports a rate cut. He is concerned that keeping the Interest Rate unchanged will lead to a policy stance that is too strict, as the monthly decline in inflation will cause the short-term Interest Rate adjusted for inflation to rise.