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Federal Reserve's Goolsbee: Interest rate cut will be assured soon
Bitget2024/07/15 11:21
Federal Reserve's Goolsbee stated that last week's mild June inflation data has made him more confident that price pressures are easing, thus supporting a rate cut. He worries that keeping interest rates unchanged could lead to an overly strict policy stance, as for each month of declining inflation, the short-term interest rate adjusted for inflation would rise.
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