Fed could open door to Sept cut

By Agence France-Presse

Jul 29, 2024 12:26 am

WASHINGTON — The US Federal Reserve may signal this week that interest rate cuts are on the way — although it is widely expected to remain on pause until its next rate decision in September.

Fed officials, who have admitted to moving too slowly to stem an inflationary surge in 2021 and 2022, have been wary of cutting rates too soon and accidentally reigniting inflation.

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