Fed Governor Stephen Miran noted that the current interest rates are 'too tight', which could pose unnecessary risks to the U.S. economy. He mentioned that he is likely to support a rate cut in the December meeting, with the federal funds rate currently at 3.75%–4%.

The ADP jobs report for October, with 42,000 new jobs, is seen as a positive signal, helping to bolster expectations for a rate cut. However, the lack of official economic data due to the government shutdown has made the Fed more cautious.

Mr. Miran also warned about the risks from President Trump's tariff policy, which could become a drag on economic growth.

👉 Investors are expecting the Fed to loosen policy in December, opening up positive signals for the U.S. financial market.

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