Tag: quantitative tightening
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Powell signals rate cuts as US jobs market cools
Powell signals potential for another rate cut as job market cools The US labor market is showing renewed signs of strain, and Federal Reserve Chair Jerome Powell signaled that the central bank could be ready to support another quarter-point cut to borrowing costs later this month. Speaking in Philadelphia, Powell noted that “the downside risks…
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Powell Signals Possible Rate Cuts as US Jobs Market Weakens
Federal Reserve Chair Signals Dovish Tilt Amid Cooling Jobs Market The U.S. labor market is showing renewed signs of strain, and Federal Reserve Chair Jerome Powell suggested on Tuesday that the central bank could be prepared to support another interest rate cut later this month. Speaking in Philadelphia, Powell warned that the downside risks to…