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Jerome Powell Hints at Rate Cut

11 July 2019 Maria Gregoriou

During a testimony before the House Financial Services Committee yesterday, the Federal Reserve (Fed) chair, Jerome Powell, strongly hinted at the possibility that the Fed could soon cut interest rates.

The final decision, which may come about due to Donald Trump's trade war creating risks to the US economy and a global economic slowdown, could be made later this month when the Fed will have its next meeting, according to the New York Times.

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