Powell: Federal Reserve is on track to cut rates, though not likely for months

Powell: Federal Reserve is on track to cut rates, though not likely for months

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By CHRISTOPHER RUGABER (AP Economics Writer) WASHINGTON (AP) — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it. The Fed did signal that it’s…

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