Federal Reserve May Slash Rates Amid Stable Bond Yields

According to BlockBeats, Federal Reserve Governor Christopher Waller has signaled support for interest rate cuts at the upcoming meeting. The U.S. 10-year Treasury yield has remained relatively stable despite this potential shift. Waller suggests that multiple rate reductions might be necessary, whether in consecutive or alternating rounds, depending on economic indicators. He emphasized the flexibility of this approach rather than a fixed schedule for lowering interest rates.