WASHINGTON: It is "hard to imagine" the Federal Reserve not cutting interest rates next month, a senior bank official said on Monday (Aug 26), in the latest signal that many policymakers favour a cut.
WASHINGTON: It is"hard to imagine" the Federal Reserve not cutting interest rates next month, a senior bank official said on Monday , in the latest signal that many policymakers favour a cut.
"The direction of change is down, and the time to adjust is now," San Francisco Fed President Mary Daly said in an interview with Bloomberg News on Monday. But the Fed has long insisted that the timing and size of any cuts will be dictated by the data, not politics.
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