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Ⓜ️POWELL URGES CAUTION ON RATE CUTS

Ⓜ️POWELL URGES CAUTION ON RATE CUTS

Giorno: 09 Luglio 2024 | Ora: 16:24 Federal Reserve Chairman Jerome Powell has suggested that the central bank should pay closer attention when it comes to cutting interest rates, now that inflation is decreasing and the labor market is showing signs of slowing down. Powell stated that the latest inflation data indicates further modest progress and that additional positive data would strengthen confidence that inflation is moving sustainably towards 2%. Source