26th August 2024
- Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates
Fed chief more confident inflation on sustainable path to 2%
Says Fed doesn’t seek, welcome further cooling in labor market
https://blinks.bloomberg.com/news/stories/SIOIF3T0G1KW
- Powell’s Pivot Leaves Traders Debating Size, Path of Rate Cuts
Fed chair says ‘time has come’ for easing in clearest signal
His remarks came before a flare-up of conflict in Middle East
https://blinks.bloomberg.com/news/stories/SIRN53DWX2PS
- Major Central Banks Now Aligned as Powell Signals Fed Cuts Ahead
ECB and Bank of England officials also signal lower rates
Global officials shift concerns from inflation to employment
https://blinks.bloomberg.com/news/stories/SIOGDRDWLU68
- Jerome Powell’s Pivot Fuels an All-Conquering Wall Street Rally
Traders cheer as Fed chief eyes rate cuts to help labor market
Rallying assets seen helping Powell’s bid to stabilize growth
https://blinks.bloomberg.com/news/stories/SIO7LJT0G1KW
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