According to BlockBeats, on July 17, Federal Reserve Governor Kugler stated that the rebalancing of the employment market indicates that inflation will move towards 2%. If the unemployment rate continues to rise, it would be appropriate for the Federal Reserve to cut interest rates earlier. He reiterated the stance that a rate cut later in 2024 would be suitable.Kugler mentioned that the risks faced by inflation and employment are now more balanced. While inflation has continued to decline, it remains above the target. Data released by non-governmental sectors provide another perspective on the overall economy. Additionally, Kugler expressed cautious optimism that U.S. inflation will make progress towards the 2% target. The Federal Reserve does not wish for the labor market to cool excessively.
