Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election on Nostr: Federal Reserve Chair Powell Highlights Cooling Labor Market as Sign of Possible Rate ...

Federal Reserve Chair Powell Highlights Cooling Labor Market as Sign of Possible Rate Cuts
===============
#504cefd6 ver:1.49

Federal Reserve Chair Powell warns of cooling labor market and potential rate cuts as US economic slowdown raises concerns. June employment report shows slower job growth, longer unemployment periods, and decline in temporary employees. Powell suggests reducing rates to support economic activity and employment, but warns of unduly weakening the economy. Fed's July meeting expected to indicate need for policy easing. #economy #jobs #interestrates...

#newstr #UsEconomicSlowdown #LaborMarket #FederalReserve #InterestRates #UnemploymentRate #JobCreation #Wages

https://here.news/story/504cefd6?ver=1.49