Fed's Powell: Sept. rate cut helps manage labor market risks
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Fed's Powell: Sept. rate cut helps manage labor market risks
After the Federal Reserve cut interest rates by 25 basis points, Fed Chair Jerome Powell indicated at a press conference on Wednesday that labor supply risks were a major factor in the central bank's decision. Central bank officials are signaling two more rate cuts to come in the remaining 2025 months. Yahoo Finance senior Fed reporter Jennifer ...
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