Fed President Harker signals potential rate cuts but not immediately, amid economic uncertainty.
Philadelphia Federal Reserve President Patrick Harker expects the US central bank to cut interest rates but noted an immediate rate cut is not necessary due to economic uncertainty. He highlighted the Fed's success in lowering inflation but acknowledged the slow progress toward the 2% inflation target. Harker's comments were made amid a slightly rising US Dollar Index, which stood at 109.07.
3 months ago
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