Fed Beige Book Supports View that Rate Cuts Will Take Time
According to a report from Jinse, the Fed Beige Book states that U.S. employment remains "resilient," with prices growing at a modest, moderate, or unchanged pace. These statements may support the view that rate cuts will take some time. The Beige Book notes that "since the last report, there has been little change in economic activity, but uncertainty surrounding international trade policy is pervasive in the report."
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