US Fed balances inflation & unemployment as rate cuts spur recovery
27 Sep '24
7 min read
US Fed balances inflation & unemployment as rate cuts spur recoveryq
Insights
US Fed has lowered interest rates for the first time in nearly two years, aiming to stabilise inflation and balance unemployment.
Inflation has dropped to *.* per cent, nearing the Fed's target, while the PMI shows potential economic expansion.
Lower rates are expected to boost consumer spending, especially in apparel and home textiles.
The Fed must carefully manage inflation and unemployment.
US Fed has lowered interest rates for the first time in nearly two years, aiming to stabilise inflation and balance unemployment.
Inflation has dropped to *.* per cent, nearing the Fed's target, while the PMI shows potential economic expansion.
Lower rates are expected to boost consumer spending, especially in apparel and home textiles.
The Fed must carefully manage inflation and unemployment.
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