🚨 JUST IN: A U.S. Fed official says there’s no urgency to cut interest rates, pointing to distorted economic data.
A senior Federal Reserve policymaker stated on Friday that there is no immediate need for further rate cuts, noting that recent inflation readings may be unreliable due to data collection issues.
In a CNBC interview, New York Fed President John Williams explained that government agencies were unable to properly gather inflation data in October and the first half of November, which may have skewed the numbers.
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