The Treasury chief says recent inflation data and signs of labor market cooling justify a jumbo rate cut in September—followed by series of more reductions.
The investment bank projects pass-through to households will rise from 22 percent to 67 percent as the cost burden shifts from businesses to households.
The ruling denies Azoria Capital’s emergency request but leaves the broader lawsuit alive, with the plaintiff vowing to keep ‘fighting for transparency.’
The Treasury chief says recent inflation data and signs of labor market cooling justify a jumbo rate cut in September—followed by series of more reductions.
The investment bank projects pass-through to households will rise from 22 percent to 67 percent as the cost burden shifts from businesses to households.
The ruling denies Azoria Capital’s emergency request but leaves the broader lawsuit alive, with the plaintiff vowing to keep ‘fighting for transparency.’