Fed Chair Jerome Powell signals path to rate cuts
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The odds of a rate cut in September rose after Federal Reserve Chair Jerome Powell's speech at Jackson Hole. The chance of a September rate cut was at ~71% before the speech and rose to ~93% after it.
Federal Reserve Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if central bankers were making a policy decision tomorrow.
Not even 48 hours after the conclusion of last month's meeting, data from the Labor Department appeared to validate the concerns of Bowman and Waller when it showed fewer jobs than expected were created in July.