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Powell Cautious on Rate Cuts Amid Softening Job Market
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Powell Cautious on Rate Cuts Amid Softening Job Market
Federal Reserve Chairman Jerome Powell’s recent remarks have injected a dose of cautious optimism into Wall Street, as investors parse signals of potential interest-rate cuts amid a softening job market. Speaking at an event in Philadelphia, Powell emphasized that the U.S. economy remains in a position similar to September, when the Fed initiated its first rate reduction of 2025, citing rising risks to employment. This comes as the Dow Jones Ind…
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