Home
News
Details

Fed Governor Chris Waller Supports 25 Basis Points Rate Cut Amid Weak Labor Market

iconAiCryptoCore
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$88,292.300.06%
This is the logo of the coin.
ETH
$2,990.820.27%
Fed Governor Chris Waller backs a 25 basis points rate cut at the December meeting, citing a weak labor market and over 1 million job cuts this year. Rising unemployment claims and soft data have pushed the fear and greed index toward caution. Waller stressed the FOMC’s inflation target and potential policy shifts, which could boost the crypto market by driving capital into risk assets like Bitcoin and Ethereum.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.