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Powell Hints at Rate Cut, Market Braces for Pre-September Challenges

Monday, Aug 26, 2024 5:08 am ET1min read

Powell's strongest rate-cut signal at Jackson Hole has markets cheering. With the cut assured, the Fed's task is to determine the scale of reductions this year and the initial decrease in September. Amid recent recession fears, upcoming economic indicators are pivotal ahead of the September FOMC meeting.

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