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point Fed rate cutVOA
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77% Informative
The Fed is poised to cut its benchmark interest rate from its 23-year high.
A lower rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing.
How fast the Fed cuts rates will depend on what the economic data shows.
A half -point rate cut in September would become more likely if there were signs of a further slowdown in hiring.
With the economy's outlook unclear and the Fed focusing heavily on what future data shows, there may be only so much Powell will be able to say Friday about the central bank's next steps. Given the Fed 's focus on how the economic data comes in, “it will be difficult for Powell to pre-commit to a particular trajectory at Jackson Hole ,” Matthew Luzzetti , chief U.S. economist at Deutsche Bank , said in a research note..
VR Score
89
Informative language
95
Neutral language
49
Article tone
semi-formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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