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Fed Is About to Nod at a Rate Cut as Job Growth Moderates
Federal Reserve officials are on the verge of lowering borrowing costs within months, a move Chair Jerome Powell may signal in the coming week as the risks grow of imperiling a solid but moderating job market. US central bankers, who’ve kept interest rates at a more than two-decade high for a full year, are widely expected to leave them there again when their two-day meeting ends on Wednesday. Instead, investors see Fed officials lowering their benchmark rate in September. Recent data have been promising, with milder price increases alongside robust economic growth, but the Fed wants a bit more assurance that ... (full story)
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- Posted: Jul 28, 2024 2:23pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,663
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