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Federal Reserve Chair Jerome Powell announced a quarter-point interest rate cut, aiming to address rising inflation and employment concerns. Powell noted that while unemployment remains low, job gains have slowed, and downside risks to employment have increased. Inflation has risen recently, prompting the Federal Open Market Committee’s decision to adjust monetary policy. Economic growth has moderated, with GDP growth at 1.5% in the first half of the year, down from 2.5% last year, primarily due
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