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Federal Reserve megaphone: Powell's shift hints that interest rate cuts are approaching
On July 10, the "Federal Reserve Messenger" Nick Timiraos article pointed out that Federal Reserve Chairperson Jerome Powell said at the hearing on Tuesday that the trade-off between reducing inflation and maintaining a solid labor market is changing, a cautious but important shift that brings the Federal Reserve one step closer to cutting interest rates. "Rising inflation is not the only risk we face," Powell said. "We have seen the labor market cooling significantly in many ways. This is not t...
2024-07-09 20:13:01
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