Bloomberg on Nostr: nostr:note1l87xcu35zwyu5hsm43342uq3n2f6678n5tk3y0py8nn6qtkzetuq6wuqe3

quoting note1l87…uqe3

Federal Reserve Chair Jerome Powell Testifies Before Congress on Inflation and Hiring as Concerns Grow
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#82b698e3 ver:0.13

Federal Reserve Chair Jerome Powell testifies before Congress on inflation and hiring concerns. Powell emphasizes need for confirmation of slowing inflation before considering rate cuts. Recent data shows softer economic growth and higher unemployment rates. CPI data for June expected to show modest increase in inflation. Jobless rate at highest level since late 2021. Powell's testimony to cover interest-rate policy and banking system. Fed may only reduce borrowing costs once this year. Criticism expected on ethics policies and insider trading. #Fed #inflation #economy #unemployment...

#newstr #FederalReserve #JeromePowell #Inflation #Hiring #InterestRates #ConsumerPriceIndex #Unemployment #BorrowingCosts #EconomicGrowth

https://here.news/story/82b698e3?ver=0.13