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Express News | Federal Reserve Governor Bowman warns of inflation risks, calling for caution in interest rate cuts.
Express News | Fed's Schmid hints at reluctance to cut rates again, stating that interest rates are already 'close' to neutral levels.
The USA's 30-year mortgage rates have risen for the fourth consecutive week, approaching 7%.
On Thursday, Freddie Mac stated in a release that the average interest rate for a 30-year mortgage in the USA is 6.93%, up from 6.91% last week, marking the fourth consecutive week of increase. Sam Khater, Freddie Mac's chief economist, noted in the announcement that the USA economy continues to be strong, placing upward pressure on mortgage rates, while still high home prices continue to affect housing affordability.
Federal Reserve's Harker supports further rate cuts, but the specific timing remains uncertain.
① The president of the Philadelphia Fed, Harker, stated that the Federal Reserve plans to cut interest rates this year, but the timing depends on economic conditions; ② Harker believes that it may take longer than expected for inflation to fall to the 2% target, as the economy and labor market remain strong; ③ Harker will resign as president of the Philadelphia Fed at the end of June.
Express News | A little-known inflation indicator in the USA remains generally stable, providing a new point of confidence for Federal Reserve officials.
Philadelphia Fed President: Will lower interest rates as planned, do not "act hastily."
Hack pointed out that the Federal Reserve is still on the path of lowering interest rates, "I will not deviate from this path or turn back."