Kashkari: Does not support last month's rate cut, remains cautious about the December decision
According to ChainCatcher, citing Golden Ten Data, Minneapolis Federal Reserve President Kashkari stated that he did not support the Fed's last rate cut decision, but remains cautious about the best course of action for the December meeting. He pointed out that the fundamental resilience of economic activity is stronger than expected and believes the Fed should pause rate cuts at the October meeting. Regarding the upcoming December rate decision, he said there are reasons to either cut rates or keep them unchanged based on the data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
In the past 24 hours, liquidations across the entire network reached $1.037 billion.

Data: 100 WBTC transferred out from Galaxy Digital, worth approximately $9.51 million
Data: 1.927 million ENA flowed into a certain exchange's Prime, worth approximately $5.51 million
Data: If ETH breaks through $3,353, the total short liquidation intensity on major CEXs will reach $1.11 billions.
