Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Powell flags rising risks to jobs while avoiding rate-cut timing

4.1% unemployment remains low

Bloomberg News

Federal Reserve Chair Jerome Powell said officials are increasingly wary of potential risks to the labor market from high borrowing costs as they seek more evidence inflation is slowing down.. Speaking to lawmakers Tuesday, Powell was careful not to offer a timeline for interest-rate cuts, which investors are now betting will begin in September.. But […]

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