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Tim Duy: The Case for More Fed Rate Cuts Is No Longer Strong
The latest economic data should ease fears that a recession is looming. The Federal Reserve has now lowered its target interest rate for overnight loans between banks twice since the end of July. The central bank’s economic projections and Chairman Jerome Powell’s post-meeting press conference suggest policy makers aren’t quite ready to cut
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Posted: September 19, 2019 Thursday 06:00 AM