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Uncertainty seen persisting, along with Fed's divide
With two weeks to go until their next policy meeting, U.S. central bankers appear unconvinced a partial U.S.-China trade deal is enough to dispel the policy uncertainty that has weighed on economic growth for months. And yet, with unemployment at decades-long lows and consumer spending strong, Federal Reserve policymakers remain far from united behind cutting borrowing costs any further than they already have. “Right now, I see the economy in a good place, and policy accommodation in a good place,” San Francisco Fed President Mary Daly told reporters after a speech a the Los Angeles World Affairs Council & Town ... (full story)