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Fed meeting recap: Chair Jerome Powell defends central bank's decision to go big with first cut

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Summary
Nutrition label

83% Informative

Fed Chair Jerome Powell doesn't see the risk of an economic downturn being "elevated" following the super-sized rate cut.

Fed Governor Michelle Bowman called for a quarter -point cut instead.

Powell : "There was a lot of discussion back and forth, there was also broad support for the decision".

Fed Chair Jerome Powell says job growth slowdown 'bears watching,' Powell says.

Some investors believe the Fed may have jumped the gun with a rate cut that was too big, too soon for the current backdrop.

Half -point rate cuts are rare in recent history except for emergency cuts during crisis events, investor says.

Powell : Inflation is now much closer to our objective, and we have greater confidence inflation is moving sustainably toward 2% .

S&P 500, Dow surge to fresh all-time highs after Fed 's big rate cut.

BlackRock 's Rick Rieder says to take advantage of 'golden age' of fixed income.

Investors should buy yield "and just watch it do its thing," he says.

VR Score

90

Informative language

94

Neutral language

51

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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