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Author: PucksFool ⎊🐝  😊 😞
Number: of 1024 
Subject: The Fed rate cut wasn't unanimous.
Date: 12/20/2024 8:22 PM
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No. of Recommendations: 7
https://finance.yahoo.com/news/fed-rate-cut-dissen...

The lone dissenter to the Federal Reserve’s rate cut this week said she voted against the move because “there is more work to do on inflation,” noting that she preferred to pause given the strength of the US economy.

"Based on my estimate that monetary policy is not far from a neutral stance, I prefer to hold policy steady until we see further evidence that inflation is resuming its path to our 2% objective," said Beth Hammack, the president of the Cleveland Fed, in a new statement Friday.
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Author: deucetoace   😊 😞
Number: of 1024 
Subject: Re: The Fed rate cut wasn't unanimous.
Date: 12/21/2024 3:30 AM
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it is good to see someone who is interesting in reducing inflation as per their mandate rather than worrying overmuch about the stock market.

I read "The Lord's of Easy Money" a couple of years ago or so. It seemed to explain a lot.
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