May 24Tiger'sRichesRun, the central parity of the RMB is reported at 7Tiger'sRichesRun.1102, down 4 points, and the median price of the previous trading day was 7.1098.
Federal Reserve is hawking: It may need to wait longer to cut interest rates, and will raise interest rates under special circumstances
The minutes of the meeting released on Wednesday, May 22, U.S. Eastern Time showed that after data for the first three months of this year showed that inflation grew more than expected, at the Federal Reserve's monetary policy meeting that ended at the beginning of this month, Fed policymakers were worried that there was insufficient progress in reducing inflation and believed that it needed to take more time before they could have the confidence to cut interest rates, implying that the wait-and-see state of continuing to maintain high interest rates should last longer. Many policymakers intend to raise interest rates further once inflation risks reignite.
Atlanta Fed Chairman: The Fed may need to wait longer to cut interest rates
Atlanta Fed Chairman Robert Bostick said on Thursday that the Fed may need to wait longer to cut interest rates because even if inflation data in April cools slightly, prices are still facing continued upward pressure.
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