Reported 17 days ago
Federal Reserve Chair Jerome Powell indicated the possibility of interest rate cuts in the near future, citing a deteriorating job market and the need to stimulate employment. Despite a government shutdown affecting crucial economic data, Powell's remarks suggest that the Fed is prepared to lower borrowing costs to support the job market, while also grappling with the risks of inflation from ongoing tariff strategies. Financial markets currently anticipate a rate cut at the upcoming Fed meeting, with Powell emphasizing the challenge of balancing inflation control and job support.
Source: YAHOO