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Federal Reserve’s Rate Cut Sparks Employment Concerns, Says Powell
Federal Reserve’s Rate Cut Sparks Employment Concerns, Says Powell
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BTCCSquare news:
The Federal Reserve has reduced interest rates by 25 basis points, bringing the federal funds target range to 3.75%-4.00%. Chair Jerome Powell cited growing risks to employment as a key concern, signaling a cautious approach amid a softening labor market.
Quantitative tightening will end by December, marking a pivotal shift in monetary policy. The Fed's balance sheet runoff, initiated to normalize pandemic-era stimulus, is now being halted—a MOVE that may inject liquidity into markets.
Powell's remarks underscore the delicate balance between stimulating economic activity and safeguarding job growth. "Downside risks to employment have risen," he noted, suggesting future policy decisions will hinge heavily on labor market data.
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