WACO, Texas (KLTV) – An East Texas economist shared his reaction after the Federal Reserve’s decision to cut interest rates at its December meeting.
The Perryman Group president and CEO, Dr. Ray Perryman, said the Federal Reserve’s decision to cut interest rates was very much anticipated.
“This one was very much anticipated,” Perryman said. “The market was anticipating the rate cut, so it fulfills the market expectation, which is good. I think they’ll be taking a very close look at the minutes when they come out to see kind of what that says about what future rate cuts may look like, but this one was largely anticipated.”
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