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Powell: Interest Rates Now Within Range of Many Neutral Rate Estimates
Summary: According to sources, Federal Reserve Chairman Powell stated that interest rates are now within the range of many neutral rate estimates. Some members of the committee believe it is time to take a step back. Normally, the labor market is a better indicator than spending, but in this case, this indicator appears more pessimistic. All ...
According to sources, Federal Reserve Chairman Powell stated that interest rates are now within the range of many neutral rate estimates. Some members of the committee believe it is time to take a step back. Normally, the labor market is a better indicator than spending, but in this case, this indicator appears more pessimistic. All committee members are committed to achieving the goals, but there are differences in the approach. Some members lean towards pausing rate cuts, while others support further cuts. More and more people believe that the Fed may need to wait for a cycle before taking action.
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Link: Powell: Interest Rates Now Within Range of Many Neutral Rate Estimates [Copy]
