The Fed Warns That Premature Rate Cuts Could Spark Inflation Resurgence

Federal Reserve officials at their June meeting acknowledged that while inflation is progressing in the right direction, it is not decreasing swiftly enough to warrant a reduction in interest rates, according to minutes released on Wednesday, CNBC reported. The summary of the meeting revealed that participants stressed the need for more favorable data to gain […] source: https://www.cryptoglobe.com/latest/2024/07/the-fed-warns-that-premature-rate-cuts-could-spark-inflation-resurgence/