Fed's Bowman cautious on further rate cuts as end point for cuts could be closer
Investing.com -- Federal Reserve governor Michelle Bowman on Wednesday backed a cautious approach to further rate cuts amid expectations the neutral level or end point for rate cuts may be closer than previously expected at time when progress against inflation has stalled in recent months.
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Federal Reserve Gov. Michelle Bowman said that inflation still dominates her concerns about the economy, arguing for a cautious approach to further rate cuts by the central bank. Bowman cast a ...
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