Fed May Reduce Rate Cuts
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•'The market is right': Former Fed policymaker Mester sees fewer rate cuts next year after Trump's victory
75% Informative
The U.S. Federal Reserve could carry out fewer rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday .
Mester indicated that the Fed 's outlook was set to change under the incoming Republican administration's fiscal plans.
Markets trimmed their forecasts for rate cuts following Trump 's election victory last week .
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