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Jerome Powell

Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or...

Stock market today: Nasdaq leads stock climb as Powell says ‘time has come’ to begin cutting interest rates

Sales of new homes increased 10.6% in July to a seasonally adjusted rate of 739,000 units, up from June’s seasonally adjusted annual rate of...

Wall Street and European stocks advance as Fed chair Jerome Powell hints at multiple rate cuts

Stocks in Asia were mixed overnight as the yen rose after Bank of Japan governor Kazuo Ueda signalled it is still on the path...

Jackson Hole: When and where to watch US Fed chair Jerome Powell’s speech? | Mint

The much-awaited Jackson Hole annual symposium kicked off on Thursday, August 22, at Wyoming in the United States of America (USA), with central bankers...

Fed’s Powell Readies Important Jackson Hole Speech: What To Watch For

Topline The most powerful man in the U.S. economy will deliver arguably his most important speech of the year Friday when Federal Reserve Chairman Jerome...

Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.As part of...

Investors look to Powell’s Jackson Hole speech for clues about Fed’s first cut

Federal Reserve Chair Jerome Powell and his central bank colleagues face a very different dilemma than they did a year ago as they gather...

Powell says September rate cut ‘on the table’ if inflation data continues to cool

Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank could cut interest rates at its September meeting if economic data continues...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could...

Fed recap: Chair Powell gives the September rate cut signal traders were hoping for

Powell says a potential September rate cut would be apoliticalFederal Chair Powell said a rate cut at the September meeting would be unrelated to...

Powell Flags Rising Risks to Jobs While Avoiding Rate-Cut Timing

(Bloomberg) -- Federal Reserve Chair Jerome Powell said officials are increasingly wary of potential risks to the labor market from high borrowing costs as...

June jobs report raises pressure on Fed for September rate cut

The June jobs report sent a clear message to the Federal Reserve — the central bank risks falling behind the curve.Job gains north of...

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