Fed Likely to Cut Rates Amid Political Tensions
TL;DR Summary
Jerome Powell signaled that the Federal Reserve is likely to cut interest rates soon, possibly as early as September, due to shifting economic risks, a weakening labor market, and inflation concerns, with markets reacting positively to the prospects of lower borrowing costs.
Topics:top-news#economy#federal-reserve#interest-rate-cuts#jackson-hole#jerome-powell#monetary-policy
- Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York Times
- Trump moves to oust Federal Reserve Chair Jerome Powell in unprecedented move NBC News
- Leaders, laggards after Powell's speech — plus, key Starbucks, Honeywell updates CNBC
- Federal Reserve set to cut interest rates – but still Trump won’t be happy The Guardian
- Powell’s Signal on Possible Rate Cut Not Enough for Trump Bloomberg.com
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