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DEPOSIT RATES EFFECTIVE SEPT 9, ENG Bank of America Form

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I will also say since we're talking about it between now and the September meeting we get two more job reports two more CPI reports I think we have an ECI report coming later this week which is employment compensation index and lots of data on economic activity all of that information is going to inform our decision as we go into that meeting I would say it is certainly possible that we would raise funds again at the September meeting if the data warranted and I would also say it's possible that we would choose to Hold Steady at that meeting we're going to be making careful assessments as I said meeting by meeting and I'll close by saying we've raised the federal funds rate now by 525 basis points since March 2022 monetary policy we believe is restrictive and is putting downward pressure on economic activity and inflation I think you take everything into account when you start cutting rates it would depend on on the whole on a wide range of things and when people are writing down rate

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