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Bank of America warns Federal Reserve insufficient reason for rate cut in September, inflation still above target
Summary: According to Jinshi News, Bank of America pointed out in its latest research report that the Federal Reserve should restrain from cutting interest rates at the September policy meeting, as recent economic data does not support an early start to an easing cycle. The bank emphasized that decision-makers supporting rate cuts underestimated the impact of ...
According to Jinshi News, Bank of America pointed out in its latest research report that the Federal Reserve should restrain from cutting interest rates at the September policy meeting, as recent economic data does not support an early start to an easing cycle. The bank emphasized that decision-makers supporting rate cuts underestimated the impact of labor supply shocks and the persistence of inflation, with current inflation rates still above the Federal Reserve's 2% target level. The report warned that the recent tariff hikes may cause more severe and prolonged impacts on prices.
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Link: Bank of America warns Federal Reserve insufficient reason for rate cut in September, inflation still above target [Copy]
