Powell: The Fed Can Remain Cautious as It Seeks a Neutral Interest Rate

Bitget2024/12/04 21:47

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Powell stated that over time, the Federal Reserve will gradually move toward a more neutral interest rate. Despite downside risks being lower than expected, the Fed can remain cautious in its pursuit of a neutral rate. U.S. inflation has not yet reached the target but is making progress, and the unemployment rate remains very low. The rate cut in September was a strong signal of support for the labor market.

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According to reports, Toyota announced on the 27th that it has asked its parts suppliers to cut raw material costs and reduce prices. However, Toyota stated that this measure is not one-size-fits-all and negotiations will be conducted on a case-by-case basis. A response from Toyota China today clarified that this matter pertains to Japan and has no relation to China. (Yicai)

智通财经•2026/08/28 02:01

The US dollar has just reached the 6.7200 threshold against the offshore yuan, now quoted at 6.7200, up 0.02% on the day; the US dollar is currently quoted at 6.7210 against the onshore yuan, up 0.03% on the day.

智通财经•2026/08/28 02:01