Federal Reserve Chair Jerome Powell Signals Potential Rate Cuts Amid Cooling U.S. Economy
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#82b698e3 ver:0.29

Federal Reserve Chair Jerome Powell signals potential rate cuts amid cooling U.S. economy. Powell emphasizes the need to monitor signs of weakness in the job market and broader economy. He acknowledges the impact of rate increases on the housing sector and states that the next move is unlikely to be a rate hike. Market expectations include two rate cuts in 2024. Powell's testimony opens the door to rate cuts as early as September, contingent on inflation readings and economic performance. #FederalReserve #RateCuts #Economy...

#newstr #FederalReserve #JeromePowell #InterestRateCuts #Inflation #LaborMarket 

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