Federal Reserve's Mester "playing it straight": Rate cut time is near!
I'm PortAI, I can summarize articles.
James Bullard, President of the Federal Reserve Bank of St. Louis, stated that the appropriate time for a rate cut is approaching, believing that inflation has returned to the 2% target track and that the labor market is no longer a risk for inflation. He pointed out that attention still needs to be paid to service and housing inflation, despite recent data boosting confidence in a decline in inflation. He also expects strong economic growth, with future interest rates potentially higher than pre-pandemic levels. Investors are predicting a 25 basis point rate cut in September, and Bullard supports a rate cut at the upcoming FOMC meeting
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: JIN10 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments