Odaily Odaily that the Federal Reserve meeting minutes revealed that several participants pointed out that the risk of persistently high inflation may have become deeply entrenched, and suggested that further rate cuts could be misinterpreted as a lack of commitment to the Fed's 2% inflation target. (Jinshi)
Fed meeting minutes: Several participants hinted that further rate cuts could be misinterpreted as a lack of commitment to the Fed's 2% inflation target.
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