Fed policymakers say they are ready to start cutting interest rates

Quick Summary:

US policymakers have noted a cooling in the labour market that could accelerate into something more dire in the absence of a policy shift.

Underlying inflation, based on the change in the core personal consumption expenditures price index, is averaging 2.6 per cent when measured on an annualised six-month basis and 1.7 per cent on an annualized three-month basis.

All three policymakers noted progress on bringing inflation down, with Waller saying it is now on the “right path” to get to the Fed’s 2 per cent goal.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Market Rate Central Data Cuts Fed’s Meeting Inflation Policy Cent Waller

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 03:16:14 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 886 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22396139

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