Fed’s Schmid: Not out of high inflation, no need to preemptively cut rates

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Fed’s Schmid: Not out of high inflation, no need to preemptively cut rates

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    EURUSD Chart By TradingView

    Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said on Monday that the US central bank is in no rush to cut interest rates.

    The US Dollar Index (DXY) is trading higher 0.02% on the day at 103.78, as of writing.

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