Breaking
Fed official Steve Miran: "More than 100bp in rate cuts needed this year…indicators support further cuts"
Minseung Kang
Summary
- Fed official Steve Miran said that more than 100bp in rate cuts are needed this year.
- Miran said the Fed should carry out a policy rate cut.
- He said that upcoming economic indicators are expected to support additional rate cuts.
A U.S. Federal Reserve (the Fed) official said the Fed should cut its policy rate by more than 100bp this year.
On the 6th, according to overseas economic breaking news channel Walter Bloomberg, Fed official Steve Miran said, "The Fed must implement rate cuts exceeding 100bp this year."
He added, "I expect upcoming economic indicators to support additional rate cuts."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Oil prices surge and jobs shock extend selloff for a second day…Nasdaq slides 1.6% [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/dffd88df-c1d6-44e9-a14e-255794d5ae09.webp?w=250)
