Powell last week said that
– San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs. Asked if there is anything that could derail a rate cut at the US central bank's Sept. 17-18 policy meeting, Daly told Bloomberg TV that it "would be hard to imagine at this point."
The Fed usually adjust rates in quarter-percentage-point increments, though it pushed through four consecutive 75-basis-point hikes in 2022 and continued to tighten policy in 2023 in response to an inflationary surge. Using words that echoed those of Fed Chair Jerome Powell at a conference last week in Jackson Hole, Wyoming, she said, "the direction of change is down. And the time to adjust is now in my opinion."Powell last week told the Jackson Hole global central bankers' meeting that "the time has come" to start cutting interest rates, given the progress on bringing down inflation and the extent of cooling in the labor market.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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