Jerome Powell triggers market bets on a September rate cut
FT News Briefing
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Market Reactions and Economic Indicators Ahead of Fed Decision
This chapter examines the market responses to a possible 25 basis point rate cut by the Federal Reserve, alongside crucial upcoming economic data such as the August non-farm payrolls and CPI reports. It also addresses the credibility issues surrounding the Fed and the implications of Powell's recent speech amid political scrutiny.
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