US Fed has cut rates amid stock swoons before. Not this time
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Speculation arises that the Federal Reserve may cut interest rates before its next scheduled meeting in September due to a slowdown in the US job market and global stock-market turmoil. However, analysts believe that the Fed is unlikely to move sooner and that the current economic data do not warrant an emergency intermeeting rate cut. Former New York Fed president Bill Dudley also considers an intermeeting cut to be very unlikely. Fed chair Jerome Powell is expected to provide further guidance on the potential rate cut at the September meeting based on upcoming data on jobs, inflation, consumer spending, and economic growth. In the past, the Fed has cut rates between policy-setting meetings in response to events such as the Russian financial crisis, the technology stock swoon, the September 11 attacks, the global financial crisis, and the Covid-19 pandemic.
#UsFederalReserve #InterestRates #StockMarket #Employment #PriceStability
https://theedgemalaysia.com/node/722240
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