Jay Powell argued this week that the Fed is not 'behind' as it starts rate cuts. His main task in the coming months is to keep that narrative intact if the ...
His main challenge in the coming months is to keep that narrative intact if the job market keeps cooling and the economy deteriorates.
Those figures, released just two days after the Fed’s July 31 meeting, showed that the unemployment rate had risen to 4.3%, stoking concerns the Fed had waited too long. "Chair Powell is trying to get ahead of that…but there is always the risk they have been a little too slow in doing this." Feroli expects a 50 basis point cut at the next meeting in early November contingent on further softening in the two jobs reports between now and then.
And the goal is to preserve that economic growth without re-stoking inflation. Officials predict inflation will end the year at 2.6%, down from 2.8% previously, before falling to 2.2% next year. "The Fed chair is now seen to have significant influence over the FOMC as he managed to convince most officials that front-loading cuts was optimal," said EY’s economist Daco.
"The Kelly Clarkson Show" is gearing up for season six, kicking off with a special episode on a Manhattan rooftop on September 23rd. The Grammy and Daytime Emmy-winning singer-songwriter and host says she tries to create a safe space for celebrities on the show, and is looking forward to more "Kellyoke" performances. A lad is hoping to raise £300,000 for his best friend’s life-saving cancer treatment - after they both got the deadly disease months apart.
We recently compiled a list of the Jim Cramer’s Top 12 Must-Watch Stocks. In this article, we are going to take a look at where Palantir Technologies Inc. stands against Jim Cramer’s other must-watch stocks. In a recent episode of Mad Money, Jim Cramer traveled to Dreamforce to understand the true capabilities of artificial intelligence
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