US Fed officials stressed ‘patience’ on rate cuts, minutes show

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WASHINGTON, July 4 — Members of the US Federal Reserve’s rate-setting committee said last month that the bank’s employme...

But futures traders currently believe there is a more-than 70 per cent chance that the US central bank will start cutting interest rates by mid-September, and see it as much more likely than not that it will make a second cut by the end of the year, according to CME Group data.

The bank has a dual mandate to tackle both inflation and unemployment.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaPortugal

Topics: Rate cuts US Federal Reserve Powell

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 09:52:36 (2 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 21476540

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