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The Federal Reserve may cut interest rates once or twice this year

Fed Daly said it fully supports a 50 basis point rate cut in September; is confident in the path to achieving its 2% inflation target; may cut rates once or twice more this year; policy rates are stable and real rates rise; will monitor data, monitor labor markets and inflation, and adjust rates as needed; September rate cuts do not imply the pace or magnitude of future rate cuts.

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2024-10-09 22:34:45
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