A rate cut in September, coming less than two months before the presidential election, could bring some unwelcome political heat on the Fed.
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Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September...
The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”
The minutes of the Federal Reserve’s late-July policy meeting show that most officials supported possible interest-rate cuts at the next meeting in September.
Federal Reserve minutes indicate a strong likelihood of a September rate cut following declining inflation and weaker-than-expected jobs growth, with markets now speculating on the magnitude of the cut.
WASHINGTON -- Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool.
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