Lates News

Federal Reserve Governor Bullard: In support of the Federal Reserve's 25 basis point rate cut in September, it is expected that there will be further rate cuts in the next 3-6 months. Excluding the temporary impact of tariffs, the underlying inflation rate is close to 2%. The "appropriate restriction" policy rate is expected to be 1.25 to 1.50 percentage points higher than the neutral rate. Unless the August employment report shows a significant weakening in the economy and inflation remains well controlled, it is not believed that a larger rate cut will be necessary in September.