"Powell's Plan: Fed Anticipates Three Rate Cuts, But Will Proceed Cautiously"
TL;DR Summary
Federal Reserve Chairman Jay Powell announced that the Fed anticipates making three rate cuts this year, signaling a shift in monetary policy amid concerns about the global economy and trade tensions. This move comes as the central bank seeks to sustain the US economic expansion amidst growing uncertainties.
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- Fed Chair Powell Says Officials Need More 'Good' Data Before Cutting Rates The New York Times
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