Reported 3 days ago
During a recent meeting, the Federal Reserve announced a 25 basis point rate cut and plans to reduce rates only twice in 2025, despite dissent from Cleveland Fed President Beth Hammack. Former Cleveland Fed President Loretta Mester commented on the discussion surrounding the cut, emphasizing the need for a gradual approach amid persistent inflation concerns. Mester also indicated that the Fed is well-positioned to react to future economic changes.
Source: YAHOO