Dear Gate Post users, weโre excited to announce a brand-new upgrade to our user interface! The new version is simpler, smoother, and packed with many thoughtful new features. Update now and explore what's new! What do you think of the new Gate Post experience? Which features do you like most? Have you noticed any surprises or improvements? Share your experience now to split a $50 prize pool!
๐ We'll select 5 users with outstanding posts, each winning $10!
How to participate:
1. Follow Gate_Post;
2. Create a post with the hashtag #MyGatePostUpgradeExperience# , sharing your feedback and experie
Preemptive rate cuts? Powell: Today is different from the past
Jin10 reported on May 8 that the Federal Reserve (FED) preemptively lowered interest rates in 2019. In response, FED Chairman Powell stated that the current situation cannot be compared to that time. The inflation rate was below the FED's 2% target then; now it is above that level, and due to tariffs, it is currently "expected that we will see upward pressure on inflation." Powell told reporters that right now "we cannot preemptively act, and until we see more data, we will not know what the correct (policy) response is."