Breaking
Fed Governor Milan: "Expect four rate cuts this year…hikes possible if inflation reaccelerates"
Minseung Kang
Summary
- Fed Governor Milan said, "I expect four rate cuts this year."
- He added that "rate hikes may be necessary if second-round effects of inflation or wage increases emerge."
- He also said, "For now, I don’t think there is a need to consider rate hikes."
A U.S. Federal Reserve (Fed) official maintained the outlook for rate cuts this year while also noting the possibility of hikes. Markets, meanwhile, appear to be grappling with continued uncertainty over the path of monetary policy.
According to BlockBeats, a cryptoasset (cryptocurrency) media outlet, on the 23rd Fed Governor Milan said, "I expect four rate cuts this year."
He added, however, that "rate hikes may be necessary if second-round effects of inflation or wage increases emerge." He went on to explain, "For now, I don’t think there is a need to consider raising rates."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
