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Listen "UBS On-Air: Paul Donovan Daily Audio 'British style'"
Episode Synopsis
The Federal Reserve spoke with an almost British accent yesterday, cutting rates a quarter point with a Bank of England-like three-way vote split. Fed Chair Powell signaled that a December cut was not inevitable. While a majority clearly favored insuring against the risks of a brittle US labor market today, there are fears about future inflation pressures and the lack of credible US economic data.
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