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Powell says 'downside risks to employment appear to have risen,' implying more Fed cuts are possible

From finance.yahoo.com

Federal Reserve Chair Jerome Powell said Tuesday that the outlook for employment and inflation has not changed much since the central bank's policy meeting in September. He emphasized, however, that "the downside risks to employment appear to have risen." That appears to imply that another rate cut is possible at the Fed's next meeting on Oct. 28-29, even though Powell did say Tuesday that monetary policy will be set meeting by meeting. While policymakers on the Fed's 19-member Federal Open Market Committee have penciled in a median estimate of two more rate cuts for this year, Powell reiterated there is "no ... (full story)

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  • Category: Fundamental Analysis