Fed sends clear signal, Bolvin says it will take prudent rate cuts

According to ChainCatcher, according to Kingshin, Bolvin Wealth Management Group President Gina Bolvin said the Fed's 25 basis point rate cut released a clear signal. She noted that weak labor markets and stubborn inflation have pushed policymakers to take action, but the pace is gradual. Bolvin stressed that this is not a policy shift, but a prudent move, and inflation and employment data will determine the subsequent path in the future.