September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

Major Wall Street brokerages are rapidly adjusting their forecasts for U.S. monetary policy after Federal Reserve Chair Jerome Powell signaled rising risks in the labor market. His remarks at the Jackson Hole symposium show the central bank’s focus may now shift to protecting employment. Speaking on Friday, Powell said the Fed’s restrictive policy stance has […] The post September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech appeared first on Coin Edition.