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Benzinga
Benzinga
Business
Piero Cingari

Powell Cornered? Strong GDP, Jobs Data Weaken September Rate Cut Odds

Jerome Powell GDP US Federal Reserve Mohamed ElErian Donald Trump Economy ADP
jerome powell ai14

After a quarter of contraction and political pressure mounting, the U.S. economy's surprise second-quarter growth and a sharp rebound in private jobs in July have weakened the case for a September rate cut, leaving Fed Chair Jerome Powell in the hot seat ahead of Wednesday’s pivotal policy decision.

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