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Jerome Powell is expected to announce a 0.5% interest rate cut
Federal Reserve Chairman Jerome Powell is expected to announce a 0.5 percentage point interest rate cut soon.
Analysts believe that this decision is aimed at stimulating economic growth and supporting employment. Powell is predicted to highlight the Fed's commitment to using its tools to sustain economic recovery and manage inflation. The predicted interest rate cut is part of a broader strategy to ensure financial stability and promote a favorable economic environment.