Federal Reserve expresses concern about US economy and signals interest rate cuts are likely

Federal Reserve expresses concern about US economy and signals interest rate cuts are likely

The Federal Reserve has been raising concerns that the economy is decelerating, and signaled of upcoming cuts to interest rates. On Wednesday, the Fed remarked that “business is slowing, uncertainty has increased and the US economy is growing at a moderate pace”. Fed Chair Jerome H. Powell specified that it was really “trade developments and concerns about global growth” that was on their minds, adding that “risks seem to have grown”. Read more here!

 

No comments yet.

Leave a Reply