Fed rate cut looming as Jerome Powell prepares major speech
==========
Federal Reserve expected to cut benchmark interest rate in September; inflation nearing 2 percent target; rising unemployment concerns as hiring slows; Jerome Powell to speak at Jackson Hole conference on August 23, 2024; July jobless rate at 4.3 percent, highest in three years; Wall Street traders anticipate three quarter-point cuts in September, November, and December; Raphael Bostic suggests potential for a half-point cut in September; economists believe steady inflation progress will lead to rate cuts this year.
#FederalReserve #JeromePowell #InterestRates #Inflation #Unemployment #Economy #JacksonHole #LaborMarket #EconomicGrowth #WallStreet
https://www.newsweek.com/fed-rate-cut-inflation-jerome-powell-speech-1941645
Newsweek /
npub1ka…2agq5
2024-08-20 14:00:08
Author Public Key
npub1ka5jtasfg8rfe47ypj4x0a2d70fvaksu0u9z9rku70yc8hmjmu9sz2agq5Published at
2024-08-20 14:00:08Event JSON
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"content": "Fed rate cut looming as Jerome Powell prepares major speech\n==========\n\nFederal Reserve expected to cut benchmark interest rate in September; inflation nearing 2 percent target; rising unemployment concerns as hiring slows; Jerome Powell to speak at Jackson Hole conference on August 23, 2024; July jobless rate at 4.3 percent, highest in three years; Wall Street traders anticipate three quarter-point cuts in September, November, and December; Raphael Bostic suggests potential for a half-point cut in September; economists believe steady inflation progress will lead to rate cuts this year.\n\n#FederalReserve #JeromePowell #InterestRates #Inflation #Unemployment #Economy #JacksonHole #LaborMarket #EconomicGrowth #WallStreet\n\nhttps://www.newsweek.com/fed-rate-cut-inflation-jerome-powell-speech-1941645",
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