Fed Chair Powell opens the door to rate cuts

Описание: Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain.
Powell noted that the labor market is in a “curious kind of balance” resulting from a marked slowdown in both the supply of and demand for workers, and that downside risks to employment are rising.
Stocks rallied after his speech. Read more: https://bloom.bg/4oOpFex