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Philadelphia Fed President Harker advocates for interest rate cut in September

CNBC
Summary
Nutrition label

77% Informative

Philadelphia Federal Reserve President Patrick Harker said the Fed should ease "methodically and signal well in advance" Kansas City Fed President Jeffrey Schmid also spoke to CNBC , offering a less direct take on the future of policy.

The Fed has held its benchmark overnight borrowing rate in a range between 5.25%-5.5% since July 2023 .

VR Score

88

Informative language

93

Neutral language

70

Article tone

semi-formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links