BREAKING: Powell Signals Unemployment Woes May Force Shock Rate Cut
With hours to go before the crucial Federal Reserve meeting, Chair Jerome Powell has hinted that mounting unemployment pressures may require “unconventional and aggressive��� action on interest rates.
Speaking at a closed-door briefing with senior lawmakers, Powell reportedly acknowledged that recent labor market data point to a sharper slowdown than previously anticipated, raising the risk of a deeper downturn if the Fed does not move decisively.
According to people familiar with the discussions, the Federal Open Market Committee is now seriously considering a substantial, surprise cut to the federal funds rate - far larger than what markets have priced in.
Such a move would mark a dramatic shift from the Fed’s recent cautious stance and could catch investors off guard, potentially triggering significant volatility across global bond, equity and currency markets.
#fed
btw are there any chads left who remember legends such as:
$MOODENG $Fartcoin $TROLL ?
the question is who can repeat their rapid growth now?
maybe $FRANKLIN huh?