Federal Reserve Expected to Cut Interest Rates
Federal Reserve Expected to Cut Interest Rates

Federal Reserve Expected to Cut Interest Rates

News summary

Federal Reserve Chair Jerome Powell is expected to adopt a moderate tone during his upcoming speech at the Jackson Hole symposium, reflecting a cautious approach as inflation approaches the 2% target. With the unemployment rate rising to 4.3% and hiring slowing, the Fed is poised to cut its benchmark interest rate next month from its 23-year high, though the pace of future cuts will depend on labor market conditions. Economists generally agree that while inflation is cooling, the Fed remains focused on job market health, as recent reports indicated a significant drop in hiring. Market analysts anticipate potential rate cuts in September, November, and December, with discussions of a half-point cut if hiring slows further. Powell's remarks will likely address these dynamics and signal the Fed's next steps amidst concerns over the economy's direction. The interplay of U.S. political developments and European economic indicators might also impact the U.S. dollar's trajectory in the near term.

Story Coverage
Bias Distribution
43% Center
Information Sources
b5604fbc-eed1-463f-8ea7-72fed5b9d859166bc319-c612-4063-955b-1bdc4fec97ff27aa3b97-dde4-4264-bee6-0c66d3641e74
+3
Left 43%
Center 43%
R
Coverage Details
Total News Sources
7
Left
3
Center
3
Right
1
Unrated
0
Last Updated
93 days ago
Bias Distribution
43% Center

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News