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At the same time, all analysts in the poll expected the MB to opt for a modest quarter-point cut, citing the need to be cautious amid potential risks that could upset the inflation outlook.
He said the fact that final demand was pretty much flat, “really tells a story of a really stable economic environment, which is, at the end of the day, what the Fed’s looking for.” ...
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Nevertheless, minutes of the meeting showed there was a preference among some officials to cut rates at a more gradual pace, possibly because the economy remains remarkably resilient even in the face ...
After surging 475 basis points since the November meeting in 2021, the first rate cut has already been labelled as modest compared to the United States (US) Fed’s decision to cut its Fed Rate by ...
A "substantial majority" of Federal Reserve officials supported the half-percentage point interest rate cut at the September meeting, according to minutes of the meeting released Wednesday.
“A lot of them went into the meeting wanting” a 25-basis-point cut, he said. The minutes said “a substantial majority” supported the 50-basis-point move. Tang called that a “rare term ...