Federal Reserve May Lower Interest Rates

Reuters
July 15, 2019
COMMERCIAL, RETAIL, FABRICATION

Analysts and investors expect Federal Reserve Board Chairman Jerome Powell to cut interest rates by the end of the month, based on remarks he made during Congressional hearings last Wednesday and Thursday, according to reporting by Reuters. The chairman cited the effects of global trade, including uncertainty caused by tariffs, and its effects on investment and the inflation level, which is currently below the Fed’s 2 percent goal.

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