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Powell sends strong signal of possible rate cut

Powell sends strong signal of possible rate cut

Federal Reserve chairman Jerome Powell has signaled that a cut in interest rates is coming after he warned of growing risks to the global economy. ’Concerns about the strength of the global economy continue to weigh on the US outlook’, Powell said. The Fed has maintained the benchmark overnight interest rate in a range of between 2.25 per cent and 2.50 per cent since December.

Timothy
Timothy
Havoc44
Havoc44 1 year

don't do it, let the billionaires suffer!

AY-MO
AY-MO 1 year

If the economy is doing so great why the need to cut rates?

Seth Harpenger
Seth Harpenger 1 year

yes, make loans cheaper, stimulate the econamy before world trade collapse

Julian
Julian 1 year

Wow, the economy is so “good” that he wants to cut rates? Double speak at its finest.

CakeSorcerer
CakeSorcerer 1 year

Making America great again

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