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Why the case for a Fed interest-rate cut in July may be getting stronger
Weaker labor-market data this week could bolster the case for the Federal Reserve to resume interest-rate cuts soon. “My view is that I do think the Fed should cut in July,” said Matt Brill, head of North America investment-grade credit at Invesco Fixed Income, pointing to cracks in the jobs market.
President Trump said on Wednesday that Jerome H. Powell, the chair of the Federal Reserve, should “resign immediately,” escalating an earlier call less than a week ago encouraging him to do so.
2don MSN
The BIS said doubts have been raised about the Trump administration’s commitment to central bank independence, but added the ...
President Trump detailed to Jerome Powell where he thinks interest rates should be set in a handwritten note escalating ...
Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold ...
2don MSN
Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan ...
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