Reported 2 days ago
Federal Reserve Governor Michelle Bowman expressed her support for three interest rate cuts in 2025 due to concerns about the labor market and economic growth. She disagreed with the Fed's decision to maintain current rates in July, favoring a 0.25% reduction. Bowman emphasized that proactive rate cuts could prevent further deterioration in job conditions and economic slowdown, as job growth has sharply declined. Current market data suggests a high likelihood of rate cuts in September, amidst growing worries over a weakening job market.
Source: YAHOO