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Fed officials: Inflation is on the rise, and there may not be a rate cut in September.
[Chain News] August 21 news, according to data platform, Fed official Harmak stated that the current inflation level is too high and on a rise trend, requiring high attention. He believes there is still a distance from reaching the neutral policy level, but there is no need to adopt stimulative policies. In addition, Harmak pointed out that although the labor market is facing economic slowdown, it may still maintain balance, and the unemployment rate is one of the important indicators. Regarding the impact of tariffs, he stated that it is unclear whether it is only a one-time effect. Based on existing data, he expects the Fed will not cut interest rates in September.