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US Employment Data Strengthens Fed Vice Chair's Confidence in Forecasting 3 More Rate Cuts This Yr
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Michelle Bowman, Vice Chair for Supervision of the Federal Reserve Board of Governors, said that recent weak employment data has highlighted her concerns about the fragility of the labor market and strengthened her confidence that forecasting three more rate cuts this year would be appropriate, according to foreign reports. Bowman was one of the two members who opposed maintaining the interest rates unchanged at the earlier Fed meeting. AAStocks Financial News |
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