The Wall Street Journal: Federal Reserve Chairman Powell issues the strongest signal yet for interest rate cuts

2024-08-23 22:06:37

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ChainCatcher news, according to The Wall Street Journal, Federal Reserve Chairman Powell has issued the strongest signal yet for a rate cut, indicating that the Fed intends to take action to prevent further weakening of the U.S. labor market.

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Risk warning

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The probability of the Federal Reserve keeping interest rates unchanged in June is 97%, and the probability of a rate hike in July is 15.5%

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