Top latest Five ecb eur usd Urban news
Top latest Five ecb eur usd Urban news
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But in December, the Fed had signaled that it expected much less cuts in 2025 than it had previously projected, with Fed Chair Jerome Powell pointing to inflation That continues to be above the central bank's aim of the yearly two% rate.
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It truly is unlikely that Mr. Trump could influence the Fed to reduced rates, because the central bank is undoubtedly an independent institution that bases its decisions on economic data, instead of orders from elected officials, experts say.
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"The reason why the Fed isn't leaping the gun at lowering the rates faster and more is, on a single hand, inflation isn't long gone. They seemed carefully for the data, and it is still stubbornly above target, so there is concern for those who decreased rates more, inflation would tick up all over again," Erasmus Kersting, a professor of economics at Villanova University, advised CBS MoneyWatch.
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