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The Federal Reserve's Williams believes the U.S. economy will have a soft landing, suggesting that the pace of interest rate cuts will slow down
Mr. Williams said the Fed was now "well placed" to engineer a soft landing for the US economy, while suggesting it supported a slower pace of rate cuts after a steep 50 basis point cut in September. Mr. Williams said the "very good" jobs report for September confirmed that the economy remained strong and healthy. The 50 basis point cut "was the right thing to do in September and it is the right thing to do today...
2024-10-08 04:24:28
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