( ) -q-24- UNDATED (Correspondent Jeremy House) “is in mid-September.” Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool. [CutID: <Cuts> FED-MINUTES-house-q-THUam.mp3 Time: 24s Title: FED-MINUTES-house-q-THUam Out-cue: is in mid-September] TAG: Correspondent Jeremy House reporting. […]
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Most fed officials favored a rate cut in Sept if inflation continued to cool
( ) -q-24- UNDATED (Correspondent Jeremy House) “is in mid-September.”
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool.
[CutID: <Cuts> FED-MINUTES-house-q-THUam.mp3
Time: 24s
Title: FED-MINUTES-house-q-THUam
Out-cue: is in mid-September]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The minutes of the Fed’s meeting on July 30th and 31st indicate that the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.” Wall Street traders had already considered it a certainty that the Fed will announce its first interest rate cut in four years. It’s next meeting is in mid-September.