"Fed megaphone": the Fed has not signalled a rate cut
Nick Timiraos, the "Fed's sounding board", commented on the minutes of the Fed meeting, saying that there was no clear signal of a rate cut in September, but there were some very meaningful changes in the first half of the statement: the dual mandate is back, and inflation has fallen from "at elevated levels" to "somewhat elevated". "down to" to some extent in the high level ".
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