Fed's Barkin hints at 25 basis point rate cut in September
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Odaily Odaily News: Fed Chairman Barkin said he is taking a "trial and error" approach to rate cuts, suggesting he may support a 25 basis point cut, rather than the 50 basis point cut some analysts believe. He noted that inflation is still half a percentage point higher than the Fed's 2% target, and that rate cuts could eventually fuel inflation by boosting demand for housing and other items. (Jinshi)
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