rate-cutting cycle
U.S. Treasury Secretary has stated that the Federal Reserve should persist in its cycle of rate cuts to support the economy. This recommendation comes amid ongoing discussions about monetary policy and its impact on economic growth. The Secretary emphasized the importance of maintaining a supportive financial environment as inflationary pressures continue to be a concern. By advocating for further rate cuts, the Treasury aims to encourage investment and consumer spending, which are vital for economic recovery. The Secretary’s comments reflect a broader strategy to ensure that the economy remains resilient in the face of potential challenges.
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