According to Odaily, the US Federal Reserve's primary task is to bring the inflation rate back to 2%. The Federal Reserve needs to exercise caution when considering its first rate cut. This approach is necessary to avoid triggering a 'repressed boom' in investments and other expenditures. The Federal Reserve would rather wait for a longer period before implementing a rate cut to ensure that inflation does not start to rebound.
US Federal Reserve Aims to Bring Inflation Back to 2%
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