FRESH DATA WEAKENS CASE FOR RAPID FED CUTS
After last week’s 25-bp cut, Fed Governor Miran pushed for faster easing, but Powell urged caution. New data show solid activity and limited layoffs, with Capital Economics noting the economy is “still doing just fine.” Markets sold Treasurys, lifted the dollar, and trimmed October cut odds to 86% from 92%, with growing bets on a hold.The copyright of this article belongs to the original author/organization.
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