- Total News Sources
- 7
- Left
- 3
- Center
- 3
- Right
- 1
- Unrated
- 0
- Last Updated
- 81 days ago
- Bias Distribution
- 43% Center
Federal Reserve Expected to Cut Interest Rates
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.
- Total News Sources
- 7
- Left
- 3
- Center
- 3
- Right
- 1
- Unrated
- 0
- Last Updated
- 81 days ago
- Bias Distribution
- 43% Center
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