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US Fed rate outlook: Governor Waller signals possible July rate cut; says tariff impact may be ‘one-off’ and shouldn’t delay easing
A US Federal Reserve official hinted at potential interest rate cuts as early as July, citing global economic uncertainties and geopolitical risks. Despite President Trump's pressure for rate reductions, the Fed remains cautious, assessing the impact of tariffs on inflation. Fed governor Christopher Waller suggested a gradual approach, emphasizing the focus on underlying price trends rather than temporary tariff effects.
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