The Federal Reserve's megaphone: Housing inflation has reduced the likelihood of a significant rate cut by the Federal Reserve
2024-09-11 14:05:45
Nick Timiraos, the Fed mouthpiece, said firmer housing inflation had driven a stronger-than-expected rise in core inflation, reducing the chances of a further 50 basis point cut at next week's meeting. Officials had already signalled they were prepared to cut rates at the meeting and Wednesday's CPI data would not change that. But some officials did not rule out a bigger cut than the traditional 25 basis point cut.
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