The US labour market is showing further signs of distress, Jerome Powell has warned, as the Federal Reserve chair signalled that he could be ready to support another interest rate cut later this month. Photograph: Caroline Gutman/The New York Times
The US labour market is showing further signs of distress, Jerome Powell has warned, as the Federal Reserve chair signalled that he could be ready to support another interest rate cut later this month.
Mr Powell said in Philadelphia on Tuesday that “the downside risks to employment have risen” – the strongest hint yet that Fed officials think t
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