Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as continual high prices, Chair Jerome Powell said to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation of the past two years that suggests it’s moving closer to cutting interest rates.

Author: Associated Press
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News post in July 9, 2024, 9:04 pm.

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