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Fed Powell Just Warned Us...

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Jerome Powell commented that the Fed's recent rate cut was a "risk management" move due to signs of a slowing labor market and increased layoffs, partly driven by AI. He stressed that a December rate cut is not guaranteed, citing differing views within the Fed on whether to pause or continue with rate reductions, and indicated the Fed is watching inflation and employment very carefully.

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Category
Business
Tags
live trading, stock market, stock market news
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