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Federal Reserve's Goolsbee: As we gradually approach a stable interest rate, the pace of rate cuts may slow down

Federal Reserve's Goolsbee: As we gradually approach a stable interest rate, the pace of rate cuts may slow down

Bitget2024/11/21 23:45

Federal Reserve's Goolsbee stated that as we gradually approach a stable interest rate level, the pace of rate cuts may slow down. Within the next year, interest rates will be "significantly reduced". The labor market has cooled down and is nearing full employment status.

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