Markets on Edge as DOJ Probes Fed Chair Powell
Global markets tumbled this Monday after the DOJ launched a criminal probe into Fed Chair Jerome Powell, raising fresh concerns about central bank independence.
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Global markets tumbled this Monday after the DOJ launched a criminal probe into Fed Chair Jerome Powell, raising fresh concerns about central bank independence.
In its third rate cut this year, the US Federal Reserve lowered rates by 25 basis points to 3.5-3.75%, aiming to curb inflation and support the labor market.
Fed Chair Jerome Powell signals a possible shift toward rate cuts as high inflation and job market pressures collide, hinting at a Fed pivot ahead.
Anticipation is high as Fed Chair Powell gears up for his final Jackson Hole address, with markets eager for clues on future monetary policy moves.