Powell Signals Possible Rate Cuts Amid Mixed Economic Signals
TL;DR Summary
Federal Reserve Chair Jerome Powell indicated a likely quarter-point interest rate cut later in October, citing weak hiring and potential increases in unemployment, with the ongoing government shutdown complicating economic data collection and policy decisions.
Topics:business#economy#employment#federal-reserve#government-shutdown#interest-rate-cut#jerome-powell
- Powell Signals Another Cut as Weak Hiring Pressures Unemployment Bloomberg.com
- Fed's Powell suggests tightening program could end soon, opens door to rate cuts CNBC
- Powell Keeps Fed on Track to Lower Rates Again The Wall Street Journal
- With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on interest rates CNN
- Fed's Powell says economy may be on firmer footing, but job market weak Reuters
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