Here's your summary from Former Fed Vice Chair Richard Clarida: September Cut Possible (https://www.youtube.com/watch?v=rHHB1mdc4sY) on the Bloomberg Television channel:
**TLDR:** Former Fed Vice Chair Richard Clarida discusses the possibility of a rate cut in September based on CPI data and economic indicators.
1. Clarida suggests that a rate cut in September is possible, but more data is needed before a decision can be made.
2. The Fed is balancing inflation and the labor market in their decision-making process.
3. The Fed is cautious about preemptively cutting rates and wants to see tangible evidence of economic slowing before taking action.
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