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Home World Australia

Powell signals US Fed may cut rates soon

22 August 2025
in Australia
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Powell signals US Fed may cut rates soon
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US Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut amid rising unemployment and inflation, while emphasizing the need for careful evaluation of economic data. His remarks at the annual economic symposium in Jackson Hole, Wyoming, suggest the Fed is weighing the impact of tariffs and job market stability before making any policy changes, frustrating markets and President Trump.

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