Powell: If you see the July jobs report first, you may initiate a rate cut in July
2024-09-18 19:55:40
On September 19, Federal Reserve Chairperson Jerome Powell said at a press conference that if the Federal Reserve sees the non-farm payrolls report released a few days after the July resolution in advance, it may cut interest rates for the first time at the July interest rate meeting. The US non-farm payrolls report for July showed weakness in the US labor market. Powell said: "If we got the July jobs report before the meeting, would we cut interest rates? We probably would. We didn't make that decision, but you know, we probably already did."
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