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Fed sound bite: rate cuts not necessarily imminent
2024/01/31 19:55
Fed soundbite Nick Timiraos said the FOMC statement got a big rewrite, with the tightening bias disappearing, but in a way that suggests a rate cut isn't necessarily imminent. He added that "the committee does not believe a rate cut is appropriate until it has greater confidence that inflation is moving consistently toward 2 per cent".
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