Reported 19 days ago
Dennis Lockhart, the former president of the Atlanta Fed, describes the Federal Reserve's recent 50 basis point rate cut as an optimistic message about the US economy, signaling confidence in controlled inflation and a stable labor market. He emphasizes that the rate cut marks the start of a recalibration process, suggesting that future rate adjustments will be cautiously assessed in response to economic conditions, with a preference for smaller cuts rather than another large reduction this year.
Source: YAHOO