RSS FOMC Cuts Rates, but Pace of Easing Ahead Likely Will Slow

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 RSS FOMC Cuts Rates, but Pace of Easing Ahead Likely Will Slow

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Summary As widely expected, the FOMC cut the target range for the federal funds rate by 25 bps at today’s meeting. However, one Committee member, who preferred to keep rates on hold, dissented. Wording in the post-meeting statement was changed to signal that further easing may proceed at a slower pace. The median dot for […]

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