Fed policymakers see slower rate-cut path next year
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Federal Reserve policymakers, fresh from an interest rate cut this week, fleshed out on Friday (Dec 20) the case for reducing borrowing costs more slowly next year as they assess progress in lowering inflation and the impact of tariffs and other policies promised by President-elect Donald Trump . San Francisco Fed President Mary Daly, who supported the US central bank's decision on Wednesday to cut its benchmark overnight rate by a quarter of a percentage point to the 4.25 - 4.50 per cent range,
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