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Fed meeting notes: Almost all participants agree upside risks to inflation have diminished

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2024-10-09 18:57:42
According to the Fed meeting notes, several participants pointed out that a 25 basis point rate cut would be in line with a gradual normalization path; almost all participants agreed that upside risks to inflation had diminished; most participants indicated that downside risks to the labor market had increased; several participants said that reducing policy restrictions too early or too much could lead to a stagnation or reversal of the de-inflation process; the balance sheet may continue for some time.
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