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Fed sets the stage for a rate cut
The Fed kept rates steady again at their July meeting, but signaled it's getting ready to loosen monetary policy. Policymakers now see the economy as being in a better place, with inflation on a more encouraging path and activity gradually cooling. Chief Economist Kathy Bostjancic and Financial Markets Economist Oren Klachkin discuss how monetary policy may change in the second half of 2024 and into 2025. [NFM-22911AO]
The skinny
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