Fed's Bostic: Further Rate Cuts Would Pose Risks to Inflation and Inflation Expectations
BlockBeats News, December 17th, the Federal Reserve of Boston stated that it hoped to maintain the monetary policy unchanged at the last Federal Reserve meeting. If the labor market is undergoing a broad-based cyclical slowdown, there will be other signs indicating that the economy is significantly weakening. The labor market is cooling off, but a significant economic slowdown is not expected.
Further interest rate cuts would push monetary policy into or towards the accommodative territory, thus posing risks to inflation and inflation expectations. (FXStreet)
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