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 13 Nov
It’s clearly not because of the inflation mandate
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0 sats \ 1 reply \ @Sandman 13 Nov
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 13 Nov
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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