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Fed Semi-Annual Policy Report: Need greater confidence before moving to rate cuts

https://www.fxstreet.com/news/fed-semi-annual-policy-report-need-greater-confidence-before-moving-to-rate-cuts-202407051504
In its Semi-Annual Monetary Policy Report published on Friday, the Federal Reserve (Fed) noted that they have seen modest further progress on inflation this year but added that they still need greater confidence before moving to rate cuts, pre Reuters…