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Government

Powell Signals Rate Cuts in the Cards

Fed Rate

During his semi-annual testimony to the House Financial Services Committee, Fed Chair Jerome Powell addressed questions on the economy, the monetary policy, and the Fed’s stance on rate cuts. Here’s what he had to say.

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Federal Reserve: Consumer Optimism Rises

The Federal Reserve Bank of New York’s June Survey of Consumer Expectations found that respondents were more optimistic regarding their financial situation and the labor market. Expectations on the U.S. unemployment rate, finding a job, and losing one’s job all ...

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Could Jobs Report Delay Decrease of Interest Rates?

The prospects that the Fed will slash interest rates later this month took a hit after the June jobs report from the Bureau of Labor and Statistics revealed the economy added 224,000 jobs, the most since January.  “After May's weaker ...

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