Reported 4 days ago
Federal Reserve Chair Jerome Powell has stated that the central bank is not in a hurry to reduce interest rates, preferring gradual cuts. However, this patience may be tested with upcoming employment reports, which could show signs of labor market deterioration due to recent events like port strikes and Hurricane Helene. If evidence of a weakening job market arises, the Fed may need to reconsider its approach and implement deeper cuts, especially as economic conditions continue to evolve.
Source: YAHOO