Will the U.S. cut interest rates in June? "New Federal Reserve News Agency": Some people are overinterpreting!
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Renowned financial journalist Nick Timiraos, known as the "New Federal Reserve Correspondent," posted on the X platform that Cleveland Fed President Loretta Mester's remarks on Thursday attracted widespread attention, as some market participants were eager to draw an overly optimistic conclusion that this indicated the Fed might be ready to cut interest rates as early as June. Timiraos pointed out that Mester's core view is that the Fed will not hastily lower interest rates before obtaining clearer information about the economic outlook
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