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Fed's Daly: Rate Cut in September is a Moderate Adjustment to Monetary Policy
Odaily Planet Daily News According to Fed Chair Daley, the rate cut in September was a moderate adjustment to the monetary policy, and the recent inflation reading was only slightly above 2%. Households, businesses, and the market have all seen progress in inflation and believe that this progress will continue. The Fed’s monetary policy remains restrictive and is working to reduce inflation. (Jinshi)