Lagarde: Once Data Confirms Inflation Path, Rate Cut Can Begin; Euro Slips Slightly in the Short Term
Christine Lagarde, President of the European Central Bank, stated that once data confirms the inflation path, the European Central Bank can begin cutting interest rates. Following this announcement, the euro slipped slightly against the US dollar, with EUR/USD decreasing by over 10 points in the short term and currently trading at 1.0968.
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Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.
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