Fed's Kashkari: FOMC expected to cut rates near end of year

Bitget2024/06/16 17:13

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Fed's Kashkari said that the FOMC is expected to cut rates near the end of the year. The Fed is in a strong position to take its time and observe the data; the job market is performing better than expected; the labor market may cool further, and hopefully the rate of decline will be moderate.

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Fed's Kashkari: FOMC expected to cut rates near end of year

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