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Fed’s Goolsbee says personally comfortable not ‘charging’ towards neutral

Everything is always on the policy tableAsked about a Dec cut, said he doesn’t like to tie his hands before dataWe are going to be looking at rate cuts along the lines of the Sept Fed projectionsRecent inflation has been higher than target, if that’s extended then it’s too highNot a lot has changed in the past couple weeks

Here are the Sept projections. The market is pricing in 3.80% for next December.

This article was written by Adam Button at www.forexlive.com.

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