MIKE DOLAN: Despite dragging its feet, Fed is not yet behind the curve
07 August 2024 - 16:40
London — The Federal Reserve may be a bit late cutting interest rates, but it’s not yet behind the curve in forestalling a US recession.
For all the wild financial swings and furious trading of the past week, markets have yet to price in a Fed monetary policy stance that would stimulate the economy at any point over the coming two-year cycle...
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