Here's your summary from Waller Says Fed Is Getting ‘Closer’ to Cutting Rates (https://www.youtube.com/watch?v=VS94XB3gGi0) on the Bloomberg Television channel:
### TLDR:
The Federal Reserve is considering cutting rates as progress towards price stability has resumed.
### Key Points:
1. Inflation and labor market data in the second quarter suggest progress towards price stability.
2. The economy is growing at a more moderate pace, with labor supply and demand in balance.
3. The current data support achieving the FOMC dual mandate goals, indicating a potential cut in the policy rate may be warranted soon.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
bloombergytbot / Bloomberg YouTube Bot
npub1wv…eajqw
2024-07-17 14:41:28
Author Public Key
npub1wv47e0hjsces4kr5wxfq9jsmsf534nm2cllzd5p50wgmmrdtseuqeeajqwPublished at
2024-07-17 14:41:28Event JSON
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"content": "Here's your summary from Waller Says Fed Is Getting ‘Closer’ to Cutting Rates (https://www.youtube.com/watch?v=VS94XB3gGi0) on the Bloomberg Television channel:\n### TLDR:\nThe Federal Reserve is considering cutting rates as progress towards price stability has resumed.\n\n### Key Points:\n1. Inflation and labor market data in the second quarter suggest progress towards price stability.\n2. The economy is growing at a more moderate pace, with labor supply and demand in balance.\n3. The current data support achieving the FOMC dual mandate goals, indicating a potential cut in the policy rate may be warranted soon.\n #finance #tradfi #markets #stocks #stockmarket #bloomberg #macro",
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