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Federal Reserve's Kashkari: Cutting interest rates 2-3 times this year seems appropriate
2024/02/07 14:07
Federal Reserve's Kashkari said that time can be taken to evaluate data before cutting interest rates, and a few more months of good price data will increase confidence. If the labor market remains strong, we can lower policy rates quite slowly. At present, it seems appropriate to cut interest rates 2-3 times this year. The labor market will determine the pace of rate cuts, and the resilience of the housing market is surprising.
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