Fed Chair Powell Indicates Interest Rate Cuts Ahead
August 23rd, 2024haha Shocker: U.S. Jobs Revised Down By 818,000, Second Worst Revision In History:
At the end of the day, all this does is cement the Fed’s 25bps rate cut next month.
Via: ZeroHedge:
Powell’s comments confirmed that a September rate cut is coming, as he said “the time has come for policy to adjust”, with traders on the lookout for clarity regarding the magnitude of the cut.
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