Fed's Daly: One or two more rate cuts possible this year

Odaily News Fed Chairwoman Daly said she fully supports the 50 basis point rate cut in September. The magnitude of the September rate cut does not mean the speed or magnitude of future rate cuts. There may be one or two more rate cuts this year. We will pay attention to data, monitor the labor market and inflation, and adjust interest rates as needed. (Jinshi)