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U.S. Federal Reserve Reconsiders Rate Cuts Amid Strong Jobs Data

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Economy News

U.S. Federal Reserve,Rate Cuts,Jobs Data

Recent jobs data, price rises, and the strength of the U.S. economy are causing market watchers to question the U.S. Federal Reserve's plan for three rate cuts this year. Some economists believe that rate cuts may be pushed towards the end of the year.

Jobs data, price rises and the strength of the U.S. economy are causing market watchers to question the U.S. Federal Reserve's own signaling that it expects three quarter-point rate cuts this year.

Minneapolis Fed President Neel Kashkari said last week that no Fed rate cuts was a possible scenario if inflation continued to move sideways.The Fed feels it 'can't get it wrong again' and will err on the side of caution, economist saysThe U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table.

 

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