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Fed Prepares for September Cut as Powell Shifts Focus to Jobs
News July 18, 2024 at 03:03 PM
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What You Need To Know
- But Fed officials still want to see price numbers trending down toward their 2% annual inflation goal before they fully commit to the cut.
- Most officials haven't said when the first cut will likely happen, but many marketwatchers have interpreted their comments as signaling a September move.
- Former President Donald Trump said the Fed shouldn't cut rates prior to the election.
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