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More importantly, consumer inflation dropped to 2.9% in July.
However, those new jobs could take time to materialize.
What Is an Emergency Rate Cut?
An emergency rate cut is an off-schedule reduction in the federal funds rate.
When Did the Fed Implement Emergency Rate Cuts and What Were the Implications?
True emergency cuts are rare, Vaske said, noting that historically, such cuts have had mixed outcomes.
Will the Fed Consider an Emergency Rate Cut in the Fall?
Yet opinions vary as to whether serious talks about an emergency rate cut could resurface later this year.
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