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Federal Reserve Governor Christopher Waller suggested caution on future interest-rate cuts, citing a strengthening U.S. economy and labor market with a recent uptick in Inflation. He emphasized the need for a deliberate pace of rate adjustments, considering the September half-percentage point cut as substantial. Waller expressed confidence in gradually reducing the policy rate over the next year, monitoring key economic indicators such as Inflation, labor market trends, and consumer spending. While uncertainties like recent hurricanes and the Boeing strike may impact job market readings in the short term, Waller maintained a positive outlook on overall job growth and unemployment rates. He noted that unexpected changes in Inflation or job market conditions could influence future rate adjustments, but emphasized a gradual movement towards a neutral policy stance to avoid unnecessary economic slowdown. Waller and his colleagues aim to gradually remove policy accommodation if the economy continues its current trajectory.
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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.
