‎US economy slowing, no decision made on Sept. meeting: Powell

‎US economy slowing, no decision made on Sept. meeting: Powell ‎US economy slowing, no decision made on Sept. meeting: Powell

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Federal Reserve Chair Jerome Powell

Federal Reserve Chair Jerome Powell said on July 30 that the likelihood of an interest rate cut in September will depend on the upcoming economic data on employment and inflation.

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Below are the key highlights of his press conference following the Fed’s decision to keep interest rates unchanged:

-We are awaiting two full sets of data before the September meeting.

-No decision has been made regarding what will happen at that meeting.

-We do not pre-commit and will consider all information available.

-Economic growth slowed to 1.2% in the first half of the year.

 

Federal Reserve Chair Jerome Powell

Federal Reserve Chair Jerome Powell said on July 30 that the likelihood of an interest rate cut in September will depend on the upcoming economic data on employment and inflation.

Below are the key highlights of his press conference following the Fed’s decision to keep interest rates unchanged:

-We are awaiting two full sets of data before the September meeting.

-No decision has been made regarding what will happen at that meeting.

-We do not pre-commit and will consider all information available.

-Economic growth slowed to 1.2% in the first half of the year.

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