On November 11, Federal Reserve Board member Mester stated that given the softening labor market and declining inflation, the Federal Reserve should cut interest rates by 50 basis points in December. She believes that a 25 basis point rate cut is the "minimum" appropriate measure.

Mester pointed out, "We have received new inflation data that is better than expected, which makes it reasonable to adopt a more moderate policy stance compared to the September FOMC meeting. At that time, most decision-makers believed that there should be three rate cuts of 25 basis points each by the end of the year."

The Federal Reserve has already cut rates by 25 basis points in September and October. However, Mester emphasized that the unemployment rate is rising, "due to overly tight policies. Therefore, we must adjust our policies and continue to gradually lower rates to prevent this tightening from putting greater pressure on the economy and further increasing unemployment."

I am quite optimistic about this situation and believe good news will come soon.
News sourced from Jin10#广场发币瓜分千U奖池