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Fed Cuts Rates, Warns of Economic Risks
Published 7 months, 2 weeks ago
Description
Federal Reserve Chair Jerome Powell announced a quarter-point rate cut, citing weaker economic growth, slower job gains, and ongoing risks from tariffs and inflation. Powell noted that while unemployment remains relatively low, payroll gains have slowed and inflation is still above target. The Fed faces a delicate balancing act as it seeks to support jobs and curb rising prices.
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