Economics
Fed's Rosengren Sees ‘No Immediate’ Easing Needed
- Still-strong U.S. outlook hinges on resilience of consumer
- Says yield-curve inversion driven by foreign demand for debt
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Federal Reserve Bank of Boston President Eric Rosengren said the U.S. economy remains “relatively strong” despite clearly heightened risks, leaving him unconvinced the central bank needs to cut interest rates at its upcoming meeting this month.