BlockBeats News, October 30: Federal Reserve FOMC Statement: Federal Reserve Board Member Milan voted against this rate decision, believing that a 50 basis point rate cut should be implemented. Federal Reserve’s Schmiede opposed a rate cut and supported keeping the rate unchanged.
This year, inflation has risen somewhat but remains elevated. Current data indicates that the economy is expanding at a moderate pace. After the end of balance sheet reduction on December 1, the principal repayments of mortgage-backed securities will be reinvested in short-term government bonds. (FX168)
