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  • Reduced hiring and slower growth in US may lead to interest rate cuts: Fed survey

Published 04:34 IST, September 5th 2024

Reduced hiring and slower growth in US may lead to interest rate cuts: Fed survey

Fed Chair Jerome Powell signalled plans to lower the 5.25%-5.50% interest rate at the September 17-18 policy meeting.

Reported by: Business Desk
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US economic growth slowed from mid-July to late August, prompting the Fed to consider lowering interest rates this month.
US economic growth slowed from mid-July to late August, prompting the Fed to consider lowering interest rates this month. | Image: Shutterstock
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04:34 IST, September 5th 2024