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Fed officials left the door open for more big rate cuts this year
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Fed officials left the door open for more big rate cuts this year
Banks are expected to pass some of the recent half-percentage-point rate cuts onto depositors
The rate cut is feared to have been a late move by the Fed to maintain growth momentum
The Fed’s updated projections include a further 50 bps rate cut by year end
The Fed faces pressure to protect growth while rising inequality complicates the path forward
Economists and market traders expect a quarter-point rate cut in next week’s Fed policy meeting
The figures were attributed to energy price hikes that took place in July
“If the data suggests the need for larger cuts, then I will support that,” US governor Christopher Waller said
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