Fed in No Rush to Cut Rates Until ‘Greater Confidence’ in Taming Inflation

At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central bank conceded that the economy is showing signs of strength, all 19 FOMC members voted to…

The post Fed in No Rush to Cut Rates Until ‘Greater Confidence’ in Taming Inflation appeared first on RISMedia.

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