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Why affordability matters for the Fed in rate cut decision
The word of the year for political pollsters and analysts is "affordability." It's also on the minds of senior Federal Reserve officials as they think about the next rate cut.
Why it matters: The large split among Fed officials comes down to those who continue to see inflation as a more pressing risk — an issue vexing consumers — versus those who want to take another step to shield the weakening labor market...
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