Reported about 1 month ago
Federal Reserve officials emphasized a cautious approach to interest rate reductions, suggesting that any cuts should be gradual and modest to allow time for assessment of economic conditions. Kansas City Fed president Jeff Schmid and Minneapolis Fed president Neel Kashkari highlighted the importance of a deliberate strategy to mitigate job market risks and inflation uncertainties. The Fed recently cut rates for the first time in over four years, with expectations of further modest cuts in the coming months.
Source: YAHOO