JUST IN: đșđž Fed Chair Jerome Powell says interest rates will stay the same or be cut a little, or cut a lot.
Markets Buzz, Households Hope: Fed Hints at Rate Cuts in a Dramatic Shift
Something unusual happened in Washington this weekâsomething that made financial markets jump, sent analysts scrambling, and gave ordinary Americans a reason to stop and pay attention.
The Federal Reserveâthe institution that quietly influences everything from your credit card bill to your mortgageâsignaled that interest rates may soon be cut. Not just a tiny cut⊠but possibly a big one.
At a press briefing, the Fed Chair stepped up to the podium, looked out at the cameras, and delivered the line that instantly reverberated around the world:
âRates will stay the same⊠or be cut a little⊠or cut a lot.â
No one expected that level of openness. And just like that, the mood shifted.
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