Reported 5 months ago
Boston and Cleveland Federal Reserve presidents are calling for more inflation data before considering rate cuts, reinforcing the need for evidence of cooling inflation before moving forward with any adjustments. They emphasize the importance of holding rates higher for longer until inflation shows signs of coming down, with differing views within the Federal Reserve on the timeline for potential rate cuts. This stance is highlighted as top Fed leaders seek further confirmation that inflation is on track to return to their 2% target before making any decisions.
Source: YAHOO