Strong US Data Continues Reshaping Fed Views of Pace, Extent of Rate Cuts
Strong U.S. economic and inflation data on Friday continued reshaping the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors further downgraded their expectations for a rate reduction at the central bank's December meeting.
In the latest round of comments on U.S. monetary policy, Fed officials continued to express faith that inflation was coming under control and would allow the central bank to lower its benchmark rate over time from the current 4.5% to 4.75% range...
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