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Chicago Federal Reserve Bank President Austan Goolsbee predicts a series of interest rate cuts over the next 12 to 18 months. He believes that Inflation is currently close to the Fed’s target of 2% and the economy is nearing full employment. The goal is to maintain these conditions by gradually adjusting the policy rate. Goolsbee mentioned that policymakers agree that rates will need to decrease significantly over the specified timeframe. In the near future, there may be more meetings with close policy decisions as central bankers analyze conflicting data.
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SOURCE
Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
