Fed tests treasurers' patience
Aug 29, 2016
US Fed prepares September rate cut
US Fed chair Powell has made clear that a rate cut is in view, as markets wait for upcoming job figures to assess the size of any cut.
The US Federal Reserve chair Jerome Powell said last Friday (August 23) that the “time has come for policy to adjust”, given a contained domestic inflation level at 2.5% over the past year and a mounting downside risk from labour markets.
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