Gold Ten Data, August 22nd news, Kansas Fed President Schmid said that he would like to see more economic data before supporting any decision to start cutting interest rates. Schmid acknowledged that inflation is developing in the right direction, and believes that the Fed should be patient. "For me, some data in the coming weeks is meaningful. Before we take action, at least before I take action or suggest taking action, I think we need to see more information. " "I still think that if we are not careful in decision making, we may see a slight rebound in demand." As for the non-agricultural revised data released yesterday, he said: "Although this is a large number, it will not really change my thinking about para politikası."
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Fed's Schmid: More Data Hoped to See Before Rate Cut
Gold Ten Data, August 22nd news, Kansas Fed President Schmid said that he would like to see more economic data before supporting any decision to start cutting interest rates. Schmid acknowledged that inflation is developing in the right direction, and believes that the Fed should be patient. "For me, some data in the coming weeks is meaningful. Before we take action, at least before I take action or suggest taking action, I think we need to see more information. " "I still think that if we are not careful in decision making, we may see a slight rebound in demand." As for the non-agricultural revised data released yesterday, he said: "Although this is a large number, it will not really change my thinking about para politikası."