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Have we seen Powell's last rate cut as Fed chair?
Federal Reserve Chair Jerome Powell made it clear on Wednesday that the resilient U.S. labor market is currently the primary determinant of monetary policy, a signal that strong July employment figures could snuff out all bets for a September rate cut and reduce the likelihood of any further easing this year.
The pressure to cut rates is intensifying as the US jobs market and the growth story are no longer looking quite so solid.
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
Federal Reserve keeps interest rates high despite rise in unemployment and economic concerns. Decision unnecessarily ...
A continued pause in rate cuts suggests the Fed sees no need to stimulate the economy, meaning growth, employment, and ...
Jerome H. Powell, the Federal Reserve chair, is facing relentless attacks from the president, a lively campaign to replace ...
Wall Street opened higher on Wednesday, as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and ...
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