Based on TheCCPress, Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned against premature rate cuts, citing persistent inflation risks. His comments have dampened expectations for a December rate cut and influenced investor sentiment, particularly in the crypto market, affecting Bitcoin and Ethereum. Schmid emphasized the need for cautious monetary policy to address ongoing inflation pressures.
Fed's Schmid Warns Against Premature Rate Cuts Amid Inflation Concerns
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