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MNI INTERVIEW: Fed To Slow Cuts As Inflation Lingers-Roberts

MNI speaks with former NY Fed executive Rick Roberts in the latest episode of the FedSpeak podcast.

MNI (WASHINGTON) - The Federal Reserve will likely slow the pace of its interest rate cuts to a quarter point over the next couple of meetings as lingering inflation pressures and a strong job market make it unclear that substantial monetary easing is needed, former New York Fed executive Rick Roberts told MNI. 

“I do not think 50 basis points is the new baseline here. I’d be surprised if we see another 50 basis point cut this year. I do expect a total of 50 basis points by year end, in increments of 25 and 25,” Roberts said in the latest episode of The FedSpeak Podcast.  

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MNI (WASHINGTON) - The Federal Reserve will likely slow the pace of its interest rate cuts to a quarter point over the next couple of meetings as lingering inflation pressures and a strong job market make it unclear that substantial monetary easing is needed, former New York Fed executive Rick Roberts told MNI. 

“I do not think 50 basis points is the new baseline here. I’d be surprised if we see another 50 basis point cut this year. I do expect a total of 50 basis points by year end, in increments of 25 and 25,” Roberts said in the latest episode of The FedSpeak Podcast.  

Keep reading...Show less