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Fed Chair Powell Set to Navigate Rate Cuts Amid Political Pressure

3 hours ago

Fed Chair Powell Set to Navigate Rate Cuts Amid Political Pressure
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7 Highlights

  • Fed considers rate cuts, signaling end to inflation battle.
  • Upcoming U.S. elections impact Fed's rate decision.
    • Powell stays nonpartisan under political pressure.
    • Central bank eyes 25-50 point rate reduction.
    • Economic data supports rate cuts, despite political risks.
    • Democratic senators push for larger rate decreases.
    • Rate cuts may affect housing and loan sectors.
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