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US Fed balances inflation & unemployment as rate cuts spur recovery

27 Sep '24
7 min read
US Fed balances inflation & unemployment as rate cuts spur recoveryq
Pic: Adobe Stock

Insights

  • US Fed has lowered interest rates for the first time in nearly two years, aiming to stabilise inflation and balance unemployment.
  • Inflation has dropped to *.* per cent, nearing the Fed's target, while the PMI shows potential economic expansion.
  • Lower rates are expected to boost consumer spending, especially in apparel and home textiles.
  • The Fed must carefully manage inflation and unemployment.

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