Fed Officials Viewed July Rate Cut as ‘Recalibration’ of Policy

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Fed Officials Viewed July Rate Cut as ‘Recalibration’ of Policy
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Fed officials saw their rate cut as a recalibration rather than the start of a more aggressive easing cycle, minutes from their July meeting show

The minutes of the July 30-31 meeting, released on Wednesday, also showed officials believed uncertainty surrounding the Trump administration’s trade policy wasn’t likely to let up anytime soon, creating a “persistent headwind” for the U.

S. economic outlook.
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