Comment on Fed’s James Bullard says US manufacturing appears ‘in recession’

Fed’s James Bullard says US manufacturing appears ‘in recession’

The US manufacturing sector “already appears in recession” and overall economic growth is expected to slow “in the near horizon,” St. Louis Federal Reserve Bank president James Bullard said on Friday, explaining why he dissented at a recent Fed meeting and wanted a deeper, half-percentage-point rate cut. The Fed reduced its target overnight policy rate...

 

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