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US Economist: Fed Won't Cut Interest Rate Largely; 25 bps Rate Cut Expected in Sep
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Carl Weinberg, Chief Economist at High Frequency Economics, said that a substantial rate cut by the Fed was unlikely. Weinberg did not see anything in the data that would cause the Fed's panicked 50 bps rate cut, and expected the Fed to cut rates by only 25 bps this month. AAStocks Financial News |
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