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  • Dec 3, 2024 | afr.com | Craig Torres |Jonnelle Marte

    Three Federal Reserve officials have made clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month.

  • Aug 21, 2024 | afr.com | Craig Torres

    The discussion indicates the committee has begun to shift toward a risk-management approach with regard to the labour market. While a 25 basis-point cut in September would mark a small adjustment toward normalisation, several analysts are saying the Fed needs to undertake a faster pace of reductions to assure a soft landing for the US economy.

  • Jul 17, 2024 | afr.com | Craig Torres |Steve Matthews

    Federal Reserve Governor Christopher Waller said the economy is getting closer to a point where the central bank can reduce borrowing costs but indicated he’d like to see a “bit more evidence” inflation is on a sustained downward path. “Current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress this view,” Waller said in prepared remarks Wednesday at the Kansas City Fed.

  • Jul 9, 2024 | afr.com | Craig Torres |Amara Omeokwe

    Craig Torres and Amara OmeokweUpdated Jul 10, 2024 – 8.06am, first published at 12.32am or Subscribe to save articleEmailLinkedInTwitterFacebookSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Washington | US Federal Reserve chairman Jerome Powell said officials are increasingly wary of potential risks to the labour market from high borrowing costs as they seek more evidence inflation is slowing down.

  • May 22, 2024 | afr.com | Craig Torres

    Washington | Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was restrictive enough to bring inflation down to their target. Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well positioned”, various officials mentioned a willingness to tighten policy further if warranted. Bloomberg

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