Federal Reserve Prepares to Cut Rates to Support Economic Soft Landing
2 months ago
The Federal Reserve (Fed) of the United States has decided to take decisive steps to stabilize the country's economy, considering a potential interest rate cut in the near future. Fed Chair Jerome Powell emphasizes that this decision is aimed at supporting growth and ensuring a smooth adjustment of the economy following a series of rate hikes in the past. Powell states that such measures could help mitigate the negative consequences of a potential recession and improve the chances of a soft landing.
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