PANews reported on October 7 that Kansas City Fed President Schmid said on Monday he favors not cutting interest rates further, saying the Fed should remain mindful of the risk of excessive inflation as it navigates the dual risks of overly tight and overly accommodative policy. Schmid supported the Fed's decision to cut interest rates by 25 basis points in September, calling it appropriate risk management amid a cooling labor market. However, he noted that various indicators suggest the overall job market remains healthy, while inflation remains excessively high. Services inflation has stabilized at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the breadth of price increases is also widening," Schmid said, noting that as of August, nearly 80% of the categories in official inflation statistics had seen price increases, up from 70% at the beginning of the year. He added: "Overall, I expect the impact of tariffs on inflation to be relatively modest, but I view it as a sign that policy is appropriately calibrated, rather than a call for a significant cut in the policy rate." (Jinshi)PANews reported on October 7 that Kansas City Fed President Schmid said on Monday he favors not cutting interest rates further, saying the Fed should remain mindful of the risk of excessive inflation as it navigates the dual risks of overly tight and overly accommodative policy. Schmid supported the Fed's decision to cut interest rates by 25 basis points in September, calling it appropriate risk management amid a cooling labor market. However, he noted that various indicators suggest the overall job market remains healthy, while inflation remains excessively high. Services inflation has stabilized at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the breadth of price increases is also widening," Schmid said, noting that as of August, nearly 80% of the categories in official inflation statistics had seen price increases, up from 70% at the beginning of the year. He added: "Overall, I expect the impact of tariffs on inflation to be relatively modest, but I view it as a sign that policy is appropriately calibrated, rather than a call for a significant cut in the policy rate." (Jinshi)
Fed's Schmid: We should pay attention to inflation risks and are not inclined to further cut interest rates
PANews reported on October 7 that Kansas City Fed President Schmid said on Monday he favors not cutting interest rates further, saying the Fed should remain mindful of the risk of excessive inflation as it navigates the dual risks of overly tight and overly accommodative policy. Schmid supported the Fed's decision to cut interest rates by 25 basis points in September, calling it appropriate risk management amid a cooling labor market. However, he noted that various indicators suggest the overall job market remains healthy, while inflation remains excessively high. Services inflation has stabilized at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the breadth of price increases is also widening," Schmid said, noting that as of August, nearly 80% of the categories in official inflation statistics had seen price increases, up from 70% at the beginning of the year. He added: "Overall, I expect the impact of tariffs on inflation to be relatively modest, but I view it as a sign that policy is appropriately calibrated, rather than a call for a significant cut in the policy rate." (Jinshi)
Market Opportunity
Notcoin Price(NOT)
$0.0005523
$0.0005523$0.0005523
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny
The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
Ethereum Price Closer to $4,000 Breakout as ETH Whales go on Buying Spree
The post Ethereum Price Closer to $4,000 Breakout as ETH Whales go on Buying Spree appeared on BitcoinEthereumNews.com. Key Insights: Large ETH wallets are buying
Share
BitcoinEthereumNews2026/01/20 10:16
New Zealand Dollar weakens below 0.5800 despite Trump’s tariff threats
The post New Zealand Dollar weakens below 0.5800 despite Trump’s tariff threats appeared on BitcoinEthereumNews.com. The NZD/USD pair loses ground to around 0.5790
Share
BitcoinEthereumNews2026/01/20 10:10