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US Monetary Policy

"I do not see any interest rate cuts this year," Federal Reserve Committee member Michelle Bowman said in an interview in New York today. Bowman said a rate cut was inappropriate at this time and that the option of raising interest rates was more likely than lowering bank interest rates.

Bowman's comments led the euro to fall sharply against the US dollar as monetary policy in the eurozone slowed, while Bowman said monetary policy in the United States could be tightened.


Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 

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