26h/ Wednesday
Federal Reserve Chairman Jerome Powell has emphasized that a rate cut in December is not guaranteed amid a sharply divided committee and mixed economic data. Wall Street investors and economists now expect lower chances of a December rate cut following strong job growth and rising unemployment in September. Several Fed officials differ on whether to hold rates steady or continue cuts, reflecting concerns about inflation, labor market risks, and economic uncertainty.

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Federal Reserve Chairman Jerome Powell has emphasized that a rate cut in December is not guaranteed amid a sharply divided committee and mixed economic data. Wall Street investors and economists now expect lower chances...

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