MarketPR
Six months after the Federal Reserve cut interest rates for a third straight meeting, the data since then suggests the move was a mistake.
As the Kevin Warsh Fed prepares for its first policy decision next week, inflation has reaccelerated and job growth has surged — evidence that the central bank overshot in last year's easing campaign, according to Axios.
A contested December cut The November-December stretch was one of the stranger episodes in modern Fed history, Axios reports.
A growing group of officials — mostly reserve bank presidents — pushed back against further cuts, and for a time the December vote looked set to draw the most dissents in decades.
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