Federal Reserve's Bostic: CPI Data Encouraging, Supports Decision to Hold Rates Steady in July

BlockBeats News, August 15th, Federal Reserve's Goolsbee stated that the CPI data is promising, but more data is needed to make a judgment. The recent productivity data has been very disappointing, supporting the decision to keep rates unchanged in July. If productivity continues to decline, a reevaluation of expectations regarding AI will be necessary.