Investors are resigned to less aggressive rate cuts in the U.S.
That is the attitude that Federal Reserve Chairman Jerome Powell has been adopting for months. The focus is on something else: Powell's clues as to when rate cuts will begin and the forecasts of the Federal Open Market Committee members. At the last meeting of each quarter, FOMC members formulate their forecasts for the economy.
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San Jose insurance agent charged with ‘good student’ discount fraud [Bay Area News Group]
Fed will have to keep rates higher for longer than markets expect, economists say
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