Fed's Mester: still favours three rate cuts in 2024
Fed's Mester said it still favours three rate cuts in 2024. But Mester would not provide a timetable for the rate cuts, arguing that there is no urgency to cut rates and that more data is needed before deciding on rates.
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Analysis: The Federal Reserve is expected to cut interest rates at this meeting, and may subsequently state that "no further rate cuts are necessary."
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