Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to ‘act as appropriate’ to defend an economic expansion threatened by trade disputes and a global slowdown.
— Read on www.reuters.com/article/us-usa-fed-powell/feds-powell-bolsters-rate-cut-view-on-trade-global-growth-concerns-idUSKCN1U50DT
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