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In simple terms, it means "if the employment data gets any worse, we will have to consider lowering interest rates quickly."
This corresponds perfectly with yesterday's weaker initial jobless claims data, implying to the market that the Federal Reserve is already focused on employment, and once it can’t hold on any longer, it will take action to inject liquidity.
She didn't directly say that there will definitely be a rate cut in September, but her words imply that the door to a rate cut is open, just waiting for a trigger.
"If employment continues to worsen, the Federal Reserve will use interest rate cuts as a painkiller."
#加密市场反弹#