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8min chapter
Fed in Holding Pattern on Interest Rates, December Cut Possible
Bloomberg Businessweek
Federal Reserve's Dilemma on Interest Rates
The chapter explores the challenges faced by the Federal Reserve in deciding on interest rates, considering factors like mixed consumer data and the labor market. It emphasizes the uncertainty in the economic forecast, suggesting that the Fed may maintain rates until December before potentially cutting them. Discussions include analyzing various economic indicators and advising the Fed to exercise patience in making adjustments.
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