Fed Inches Toward Rate Cut as Trump's Trade War Frays Patience

Fed Inches Toward Rate Cut as Trump's Trade War Frays Patience    Bloomberg The Federal Reserve's top policy makers aren't yet ready to cut interest rates, but worsening trade tensions are nudging them in that direction. In separate comments Tuesday, Fed Chair Jerome Powell and his No. 2, Richard Clarida, reassured nervous investors they're watching closely for signs that disputes between the U.S. and its trading partners are denting the outlook for the world's largest economy. Their remarks moved the Fed slightly closer to its first rate cut since 2008. "Powell may have......(read more)

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