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Federal Reserve Set to Cut Interest Rates Amid Economic Uncertainty
The Federal Reserve is poised to cut interest rates in December, driven by a solid jobs report and easing financial conditions, despite concerns over inflation and potential speculative bubbles. Policymakers are debating the pace of future cuts, with some advocating for caution amid robust wage growth and a strong economy. The upcoming consumer and producer price reports may influence the final decision.
strong economic growth boosts optimism ahead of presidential election
America's economy is defying recession predictions, with inflation-adjusted quarterly growth averaging 2.9% since early 2023. The Federal Reserve's rapid interest rate hikes have not hindered this growth, and the Atlanta Fed's model suggests a robust annualized expansion of 3.3% for the third quarter.
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