Tag Archives: Schmid

Kansas City Federal Reserve President Jeffrey Schmid has expressed doubts about whether the central bank will lower interest rates in September as widely hoped by investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In an interview on CNBC, Schmid …

JACKSON, Wyoming (Reuters) -Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank’s 2% target and the labor market still in solid shape. “I think we’re in a really good spot and I think we really have to have very definitive data to be moving that …