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Federal Reserve Governor Bowman expects three rate cuts to remain in 2026
Viewpoint Network News: On March 20, Federal Reserve Board Member Michelle Bowman stated that she still expects three rate cuts by 2026 and hopes this will support the labor market.
Bowman pointed out that it is still too early to determine the long-term impact of the Iran war and its conflicts on U.S. economic activity, as well as how these factors are considered in the Federal Open Market Committee (FOMC) rate decisions.
It is reported that Bowman emphasized that the 75 basis point rate cut implemented last year and some supply-side policies are gradually taking effect in the economy. She expressed disappointment with the February employment report, considering the January data to be abnormal, and remains concerned about the outlook for the labor market.
Disclaimer: The content and data of this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.
(Edited by: Wang Zhiqiang HF013)