🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
🎁 Prize pool over $15,000+, iPhone 17 Pro Max, Gate exclusive Merch and more awaits you!
👉 Draw now: https://www.gate.com/activities/pointprize/?now_period=13&refUid=13129053
💡 How to earn more Growth Points for extra chances?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to rack up points!
🍀 100% win rate — you’ll never walk away empty-handed. Try your luck today!
Details: ht
Fed's Daly: Further rate cuts may be needed
On September 25, San Francisco Fed President Daly stated on Wednesday that she "fully supports" the Fed's decision to cut interest rates last week and mentioned that further rate cuts may be needed in the future. When discussing the Fed's rate cut last week, Daly said, "Economic growth, consumer spending, and the labor market have all slowed, while inflation has risen less than expected, primarily concentrated in industries directly impacted by tariffs. Economic risks have shifted, and it is time to take action. Looking ahead, further adjustments to policy may be necessary to restore price stability while providing necessary support to the labor market." However, she added that the Fed's forecasts are not commitments, and its goal remains to maintain maximum employment and price stability. Daly had previously stated that two 25 basis point rate cuts this year were a reasonable forecast, and she did not update that view on Wednesday. ( Jin10 ).