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Trump has repeatedly badgered the Fed to slash interest rates. But many economists think patience is warranted - and could save the economy in the end

6 monthes ago   |   By Business Insider

Markets and investors are watching the Federal Reserve and Chair Jerome Powell for signs of upcoming rate cuts at this week's economic symposium in Jackson Hole, Wyoming.
The Fed has been deliberate with rate cuts thus far, which has frustrated markets. But industry watchers say its patience could save the economy in the long run.
Cutting rates sooner could leave the Fed flat-footed if a recession does occur. It could also look like they are bowing to political pressure from President Trump.
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10 things you need to know before the opening bell

10 things you need to know before the opening bell

6 monthes ago   |   By Business Insider

Here is what you need to know.
1. Stocks are jumping as traders bet Fed Chair Jerome Powell will signal more interest-rat e cuts in his speech today at the Jackson Hole conference. Markets are pricing in about a 94% chance of a rate cut in September.
2. Shares in Peppa Pig owner jump 30% after Hasbro's $4 billion offer. The transatlantic deal gives Hasbro, which has seen growth with Marvel's "Avengers" toys, access to Entertainment One's lucrative infant and preschool market.
3. Trump's latest tariffs could drag China's growth to its lowest level in almost 30 years - but there's still 'no...
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Stocks are jumping as traders bet Fed Chair Jerome Powell will signal more interest-rate cuts in his speech today

Stocks are jumping as traders bet Fed Chair Jerome Powell will signal more interest-rate cuts in his speech today

6 monthes ago   |   By Business Insider

Global stocks jumped on Friday as traders wagered Federal Reserve Chair Jerome Powell will confirm an expected cut to interest rates in September during his speech today.
Markets are pricing in about a 94% chance of a rate cut in September, and President Donald Trump has called for more aggressive reductions.
However, strong employment and retail sales data, along with resistance from three Fed policymakers, means another rate cut isn't guaranteed.
"To say that the stakes are high for the meeting is an understatement," one analyst said.
View Markets Insider's homepage for more stories...
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