BlockBeats News: On August 5th, San Francisco Federal Reserve Chairman Daly stated that the timing for interest rate cuts is approaching, given increasing evidence of a weak job market and no signs of sustained tariff inflation. When talking about the Federal Reserve's decision last week, Daley said, "I'm willing to wait another cycle, but I can't wait forever
Although this does not mean that a rate cut in September is a foregone conclusion, she said, "I tend to believe that every meeting in the future will be an immediate meeting to consider policy adjustments." Daley said that two 25 basis point rate cuts this year still seem like an appropriate readjustment, and the important thing is whether to cut rates in both September and December, rather than whether rate cuts will happen.
Daley said, "If inflation rebounds and spreads, or if the labor market recovers, interest rate cuts can certainly be less than two times, but it is more likely that more than two interest rate cuts will have to be made. If the labor market appears to be entering a weak stage and we do not see the spillover effects of inflation, we should be prepared to make more interest rate cuts
