- The direction of the rate cuts may be clear but ‘the speed of the journey and the destination to which we are travelling are both unknown,’ says research strategist Michael Brown ISTANBUL The US Federal Reserve’s jumbo interest rate cut makes sure of a “soft landing” in the US economy as inflation continues falling and the labor market softens, according to an expert. “The Fed pivoted dovish, not only by cutting the funds rate by 50 basis points instead of the 25 basis points that had been

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