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lending slumpYahoo Finance
•82% Informative
Federal Reserve Chair Jerome Powell said Wednesday that a cut in September could be "on the table" as long as the data supported it.
Banks have been waiting two years for rates to come back down.
Elevated rates have proven to be a major challenge for lenders struggling with high costs of funding, lower-yielding securities, and their exposure to the weaknesses of borrowers.
VR Score
89
Informative language
90
Neutral language
75
Article tone
semi-formal
Language
English
Language complexity
38
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Attention-grabbing headline
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Time-value
short-lived
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1
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