Do they have any other choice? The rate cut has nothing to do with job market and everything to do with the national debt interest I suspect
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0 sats \ 0 replies \ @Undisciplined 4h
It’s clearly not because of the inflation mandate
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0 sats \ 1 reply \ @Sandman 9h
The rate of unemployment is too high. How will December rate cut really help to improve that, especially in some areas where the labour market is too weak.
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0 sats \ 0 replies \ @spiderman OP 8h
I don't know but standard keynesian playback followed by the federal reserve warrants a rate cut to fight unemployment.
What really helps unemployment is minimising the cost and barrier of running a business
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