Federal Reserve Semiannual Monetary Policy Report: Greater confidence in inflation is still needed before rate cuts

Odaily News The Federal Reserves semi-annual monetary policy report shows that inflation has made some progress this year, but greater confidence is still needed before interest rate cuts are made; real estate-related inflationary pressures are expected to gradually decline; although some banks commercial real estate portfolios are facing pressure, the financial system remains healthy and resilient; and liquidity in most domestic banks is still ample. (Cailian News)