US Fed minutes show officials were eager to slow interest-rate cuts
6 days, 2 hours ago

US Fed minutes show officials were eager to slow interest-rate cuts

Live Mint  

Federal Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in the months ahead. “Participants indicated that the committee was at or near the point at which it would be appropriate to slow the pace of policy easing,” minutes from the Federal Open Market Committee’s Dec. 17-18 gathering showed. “Many participants suggested that a variety of factors underlined the need for a careful approach to monetary policy decisions over coming quarters.” They cited higher inflation readings, continued strength in spending, and reduced downside risks to the outlook for the labor market and economic activity, the minutes, released Wednesday in Washington said. “Placeholder Assumptions” The Fed’s staff incorporated “placeholder assumptions” about potential policy changes under incoming US President Donald Trump, resulting in an economic growth forecast that was slightly slower, with inflation also expected to remain firm. “A majority of participants noted that their judgments about this meeting’s appropriate policy action had been finely balanced.” Cleveland Fed President Beth Hammack dissented, preferring to hold rates steady, and updated forecasts showed three other officials agreed.

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Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
5 days, 22 hours ago

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

The Hindu  

Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. The minutes also showed that “almost all” Fed policymakers see a greater risk than before that inflation could stay higher than they …

US weekly jobless claims at 11-month low amid labor market stability
6 days, 11 hours ago

US weekly jobless claims at 11-month low amid labor market stability

Live Mint  

* Weekly jobless claims decline 10,000 to 201,000 * Continuing claims increase 33,000 to 1.867 million * Private payrolls rise by 122,000 jobs in December By Lucia Mutikani WASHINGTON, - The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led …

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Trending News
6 days, 11 hours ago

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

Associated Press  

WASHINGTON — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. Fed Chair Jerome Powell said at a news conference after the meeting that the decision to reduce rates had been …

Does the Fed even know what it’s trying to do?
3 weeks, 4 days ago

Does the Fed even know what it’s trying to do?

Live Mint  

We might as well confront it head-on: What the Federal Reserve did this week doesn’t make any sense. The Federal Open Market Committee on Wednesday cut the target range for the Fed funds rate by one-quarter percentage point, to 4.25% to 4.5%, its third consecutive rate reduction. Because the first, in September, was a “jumbo" half-percent cut, the central bank’s …

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
3 weeks, 6 days ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
3 weeks, 6 days ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

US Fed lowers benchmark rate to 4.25-4.50% for third straight meeting, eyes two cuts in 2025; 5 key highlights
3 weeks, 6 days ago

US Fed lowers benchmark rate to 4.25-4.50% for third straight meeting, eyes two cuts in 2025; 5 key highlights

Live Mint  

The US Federal Reserve announced its eighth and final monetary policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by or a quarter of a percentage point to 4.25-4.50 per cent. US Fed chair Jerome Powell-led rate-setting panel cut the federal funds rate for the third straight meeting after kicking off …

US Federal Reserve lowers rates by a quarter point, signals two cuts for 2025
3 weeks, 6 days ago

US Federal Reserve lowers rates by a quarter point, signals two cuts for 2025

Hindustan Times  

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs. A majority of economists in a Bloomberg survey had expected the median rate estimate would point to three cuts next year. Bumpy Inflation Policymakers …

U.S. Fed expected to cut again, despite uncertain path ahead
3 weeks, 6 days ago

U.S. Fed expected to cut again, despite uncertain path ahead

Raw Story  

The U.S. Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's downward path and the possible impact of some of President-elect Donald Trump's economic proposals. "If the Fed wasn't going to do that, they would have dissuaded markets of that notion …

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
4 weeks ago

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation. “I think that a slower pace of cuts really reflects both the higher inflation readings we’ve had …

The Fed is about to deliver the last rate cut for a while
Trending News
4 weeks ago

The Fed is about to deliver the last rate cut for a while

CNN  

Washington CNN — The Federal Reserve on Wednesday is expected to cut interest rates for the third time this year, in what could be the last rate cut for months. The Fed’s key interest rate influences borrowing costs across the economy and it’s used to achieve stable prices and maximum employment, two key goals mandated by Congress. With inflation nearly …

US Fed cuts interest rates but cautions for year ahead
Trending News
4 weeks ago

US Fed cuts interest rates but cautions for year ahead

Al Jazeera  

Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that “remains somewhat elevated”, the central bank’s rate-setting Federal Open Market Committee said in its latest policy statement on Wednesday. That is half …

Will the Fed keep cutting in 2025?
4 weeks, 1 day ago

Will the Fed keep cutting in 2025?

Live Mint  

Investors see an interest-rate cut by the Federal Reserve this week as all but certain. Approaching neutral This week’s meeting is likely to deepen debates on two issues that could define where rates go over the next year: the location of the “neutral" rate of interest and the potential for policy changes by President-elect Donald Trump. “It looks like you’ve …

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
4 weeks, 1 day ago

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Associated Press  

WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Instead, inflation has become stuck at a higher level, yet the Fed after Wednesday’s meeting will likely have lowered its …

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
4 weeks, 2 days ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

Live Mint  

* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts
1 month ago

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions on Tuesday, December 17, and will announce its new benchmark interest rate decision on December 18. The US central bank will conduct its two-day Federal Open Market Committee meeting amid Wall Street bets that will likely stay on course towards delivering another rate cut even after …

Bond Market Has Worst Week in Months With Less Fed Action Seen
1 month ago

Bond Market Has Worst Week in Months With Less Fed Action Seen

Live Mint  

An orderly selloff in the US government bond market continued for a fifth straight day, with the 30-year bond’s yield posting its biggest weekly increase of the year. Inflation, if anything, is bending up.” The extra yield offered by long- versus short-maturity yields “is not enough at this point of time.” Next week’s Fed meeting includes an updated summary of …

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
1 month ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

Live Mint  

* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

Investors shouldn’t count on much help from the Fed next year
1 month ago

Investors shouldn’t count on much help from the Fed next year

Live Mint  

Markets seemed undisturbed by Wednesday’s inflation data, which showed consumer prices rising 2.7% in November from a year earlier, up from 2.6% in October. Despite the slowdown, jobs are still posting decent gains, and overall economic momentum remains strong, with real gross domestic product growth clocking in at an annualized 2.8% in the third quarter. But the public data already …

Fed seen poised to cut rates this month, debate 2025 pause
1 month, 1 week ago

Fed seen poised to cut rates this month, debate 2025 pause

Live Mint  

* US job growth rebounds in November after October slowdown * Traders lift bets on Fed rate cut this month to 85% * Bowman, who dissented on September rate cut, urges caution * Hammack says it may be time to pause By Howard Schneider and Ann Saphir CHICAGO/PALO ALTO, California, Dec 6 - Federal Reserve officials appear on track to …

U.S. Fed officials see inflation fight as broadly on track
1 month, 1 week ago

U.S. Fed officials see inflation fight as broadly on track

Raw Story  

The U.S. appears on track to hit its long-term target of two percent inflation despite a recent uptick, three Federal Reserve officials said Monday, with one indicating tentative support for another rate cut this month. "At present I lean toward supporting a cut to the policy rate at our December meeting," he said, noting that many people still expected inflation …

Fed Officials Keep Options Open for December Rate Decision
1 month, 1 week ago

Fed Officials Keep Options Open for December Rate Decision

Live Mint  

-- Three Federal Reserve officials on Monday made clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month. Fed Governor Christopher Waller, addressing a conference in Washington, said he’s inclined to vote to lower borrowing costs when Fed …

A top Fed official leans toward December rate cut but says it depends on economic data
1 month, 1 week ago

A top Fed official leans toward December rate cut but says it depends on economic data

Associated Press  

WASHINGTON — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which …

A top Fed official leans toward December rate cut but says it depends on economic data
1 month, 1 week ago

A top Fed official leans toward December rate cut but says it depends on economic data

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A top Federal Reserve official …

Fed’s Waller says inclined at this point to cut rates in December
Trending News
1 month, 1 week ago

Fed’s Waller says inclined at this point to cut rates in December

Live Mint  

By Howard Schneider WASHINGTON, Dec 2 - Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. "Policy is still restrictive …

US Fed plans to gradually lower rates going forward: minutes
1 month, 2 weeks ago

US Fed plans to gradually lower rates going forward: minutes

China Daily  

WASHINGTON -- US Federal Reserve officials expressed confidence that inflation is easing, and are expected to gradually lower interest rates going forward, according to minutes from the Nov 6-7 meeting released Tuesday. The minutes did not address potential policy under the next administration, but some economists raised concerns that President-elect Donald Trump's proposed additional tariffs could drive up inflation, potentially …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
1 month, 2 weeks ago

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

Associated Press  

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. Yet …

month peak as market awaits next Fed cue
1 month, 3 weeks ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained …

Powell says solid economy allows Fed to consider rate cuts ‘carefully’
2 months ago

Powell says solid economy allows Fed to consider rate cuts ‘carefully’

Live Mint  

Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. Before Powell’s remarks, investors in interest-rate futures markets expected the central bank to lower rates by a quarter point at that meeting and then to slow down the pace of cuts …

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy
Trending News
2 months ago

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy

Live Mint  

The US Federal Reserve does not need to rush to cut interest rates due to the ongoing economic growth, a solid job market, and inflation that remains above its 2% target, said Fed Chair Jerome Powell. According to Powell, the Fed policymakers believe inflation is progressing toward a “sustainable path to 2%” that will enable the US central bank to …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
2 months ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

The Fed’s next moves are now anyone’s guess
2 months ago

The Fed’s next moves are now anyone’s guess

Live Mint  

Take the Federal Reserve’s projections from September and throw them into the trash. The Fed cut rates by a quarter point on Thursday, as universally expected and following a half-point cut in September. Take for instance Fed policymakers’ longer-term economic projections released at their September meeting. But the chance that the Fed could cut rates by just a quarter point …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
2 months, 1 week ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

Xinhua | Updated: 2024-11-08 09:41 US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
2 months, 1 week ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
2 months, 1 week ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this …

US Fed slashes interest rates by 25 basis points amid weakening labor market
2 months, 1 week ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

Xinhua | Updated: 2024-11-08 09:41 US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the …

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump
2 months, 1 week ago

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump

Live Mint  

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. When asked at a post-meeting press conference whether he would step down if requested by Trump, Powell replied forcefully, “No.” He also said …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
2 months, 1 week ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
2 months, 1 week ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
2 months, 1 week ago

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. When its latest policy meeting ended Thursday, the Fed issued a statement noting that the “unemployment rate has moved up but remains …

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans
2 months, 1 week ago

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans

Firstpost  

There is a wide expectation that the Federal Reserve will cut interest rates by a quarter point on Thursday, looking beyond the 2024 US Presidential election results to continue easing borrowing costs on the back of cooling inflation The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to …

Fed readies a rate cut and faces these four questions
2 months, 1 week ago

Fed readies a rate cut and faces these four questions

Live Mint  

The Federal Reserve is widely expected to cut interest rates by a quarter-percentage point at its meeting that ends Thursday. This week’s decision lacks the suspense of the last one, when markets weren’t sure how big the Fed’s rate cut would be. Here is a look at four questions officials face that illustrate why the Fed’s ability to offer meaningful …

The US Federal Reserve must do two things right now
2 months, 1 week ago

The US Federal Reserve must do two things right now

Live Mint  

As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. Its obsession with data dependency has seen it over-react to noisy historical data, lacking the more strategic forward-looking approach needed when using policy tools that operate with ‘long …

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%
3 months, 1 week ago

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%

Huff Post  

LOADING ERROR LOADING WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Payroll employment rises by 254,000 in September; unemployment rate changes little at 4.1% #JobsReport #BLSdata https://t.co/ZwrVfLviqL — BLS-Labor Statistics October 4, 2024 …

U.S. job growth outperforms expectations as hiring resurges and unemployment drops
3 months, 1 week ago

U.S. job growth outperforms expectations as hiring resurges and unemployment drops

LA Times  

A hiring sign is displayed at a grocery store in Deerfield, Ill. “The report doesn’t single-handedly change the landscape for the economic outlook, but it does provide reassurance that there’s still plenty of life in the jobs market,” said Jim Baird, chief investment officer with Plante Moran Financial Advisors, a major accounting firm based in the Detroit area. The strong …

Job growth blows away expectations, in boost for Harris
3 months, 1 week ago

Job growth blows away expectations, in boost for Harris

Politico  

The surprisingly solid jobs number puts Fed Chair Jerome Powell on course to cut interest rates by a modest quarter of a point when the central bank holds its next meeting on Nov. 6-7. Just 22 percent of Americans said the economy is in “excellent” or “good” shape in the latest Gallup poll, compared with 77 percent reporting it to …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months, 3 weeks ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

Jobs report will help Federal Reserve decide how much to cut interest rates
4 months, 1 week ago

Jobs report will help Federal Reserve decide how much to cut interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. If it shows that hiring was weak in August …

US jobs data return to centre stage as Federal Reserve mulls rate-cut size
4 months, 1 week ago

US jobs data return to centre stage as Federal Reserve mulls rate-cut size

Hindustan Times  

With the Federal Reserve set to begin cutting interest rates in a few weeks, the main question now is how big the first reduction will be. US Federal Reserve Chairman Jerome Powell made it clear in an Aug. 23 speech that the central bank is now more concerned about risks to the labor market than inflation. “The jobs report is …

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