Federal Reserve To Follow 'Slower Rate Cutting Cycle' Despite Trump's Pressure As Beige Book Dampens Sentiment: Don't Expect 50 Bps Cut Hints Shapiro

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The Federal Reserve is signaling a more cautious approach to interest rate cuts, with its latest Beige Book indicating that “Economic activity was little changed since last release”.

This language dampens expectations for an aggressive 50-basis point (bps) cut in September, suggesting the central bank is not yet seeing the significant economic deterioration that would warrant such a move.