Barkin hints at 25 basis points rate cut in September
2024-08-26 15:11:41
Midland Reserve Barkin said take trial and error approach cut rates which suggests that maydesk3cryptocurrencydesktopCrypto News
Mr. Barkin said he was taking a "trial and error" approach to cutting interest rates, suggesting he might support a 25 basis point cut, rather than the 50 basis points that some analysts believe. He noted that inflation was still half a percentage point above the Fed's 2 per cent target and that a rate cut could end up fuelling inflation by boosting demand for homes and other goods.
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