Fed’s Daly backed rate cut, keeps open mind on December decision
PositiveFinancial Markets
In a recent statement, Fed's Daly expressed support for a potential rate cut, indicating a willingness to consider this option in the upcoming December meeting. This is significant as it reflects the Fed's responsiveness to economic conditions and could signal a shift in monetary policy aimed at stimulating growth. Investors and economists are closely watching these developments, as they could impact borrowing costs and overall economic activity.
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