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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.
U.S. stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled ...
U.S. Federal Reserve rate cut odds have gone on a wild journey since Wednesday. Chances of a September rate cut plunged below ...
Former Treasury Secretary Lawrence Summers backed Jerome Powell’s silence on whether he will step down from the Federal ...
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
2d
Powell didn’t just refuse to deliver a rate cut—he also hinted a raise could have been on the cards
Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing ...
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