Minneapolis Fed President Kashkari argues for rate cut in September - Financial Times

Market news

21 August 2019

Minneapolis Fed President Kashkari argues for rate cut in September - Financial Times

Argues the Fed should cut the federal funds rate in September and should also use forward guidance to provide even more of a boost to the economy than a rate cut alone can deliver
The Fed can influence long-term rates by giving guidance about the future path of short-term equivalents

U.S. weekly mortgage applications decline

UK's PSNB shows a surplus of £1.3bn in July – TD Securities

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