rate: It comes at a time of concern that the risk of a recession over the next year or two is rising, in part because of Trump's aggressive use of tariffs against China and other key trading partners, according to The Japan Times. The financial markets will be hoping for a clear sign of forthcoming Fed interest rate cuts. Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do or can do to strengthen the economy and restore confidence at a time of nagging uncertainties and global weaknesses. ; Powell will give the keynote speech to an annual gathering of global central bankers in Jackson Hole, Wyoming. Investors have already baked in the expectation that the Fed will cut its benchmark short-term rate next month for the second time this year. The big question, though, is this Would a Fed rate cut or even multiple rate cuts over the next several months really matter Borrowing rates are already historically low. The intent would be to encourage borrowing and spending by consumers and businesses.
(news.financializer.com). As
reported in the news.
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