Fed unofficial spokesperson: "If it weren't for the disappointing employment data, a rate cut in September would still be uncertain"
JH Kim
Summary
- Nick Timiraos, a reporter at WSJ and unofficial spokesperson for the Fed, reported that the decision to keep rates unchanged in the July FOMC received support from the majority of committee members.
- He stated that if it weren't for the disappointing employment data, the possibility of a September rate cut would still have remained uncertain.
- This suggests that employment figures are an important variable in the future outlook for rate cuts.
Nick Timiraos, a journalist at The Wall Street Journal (WSJ), known as an unofficial spokesperson for the Fed, stated on his official X (formerly Twitter) on the 20th (local time), "According to the July FOMC minutes, the decision to keep rates unchanged last month was supported by the majority of committee members." He added, "If it weren't for the disappointing employment data released right after the meeting, the possibility of a rate cut in September would have remained uncertain."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
