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Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election /
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2024-07-10 08:07:52

Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election on Nostr: Federal Reserve Chair Powell Reiterates Cautious Approach on Rate Timing Signals ...

Federal Reserve Chair Powell Reiterates Cautious Approach on Rate Timing Signals
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#504cefd6 ver:1.52

Federal Reserve Chair Powell remains cautious on rate timing signals as US economic slowdown raises concerns. Labor market shows worrying signs with slower job growth, rising unemployment rate, and weak wage growth. Powell refrains from giving specific signals on rate adjustments, emphasizing a data-dependent approach. Fed's July meeting expected to indicate need for policy easing. Balancing inflation control with labor market stability is a challenge. Fed stays in a data-dependent mode, preventing meaningful market reaction. #FederalReserve #economy #interestrates...

#newstr #FederalReserve #UsEconomy #Inflation #LaborMarket #InterestRates

https://here.news/story/504cefd6?ver=1.52
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