US economy in 'solid shape' with gradual rate cuts coming, says Powell

Q: How long will it take to read this news story?

The story "US economy in &#039;solid shape&#039; with gradual rate cuts coming, says Powell" has 840 words across 27 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "US economy in &#039;solid shape&#039; with gradual rate cuts coming, says Powell" was covered 11 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 300 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22823977</li><li>URL: https://beamstart.com/news/us-economy-in-solid-shape-17277490253858</li></ul>

Business Standard Logo Business Standard 11h ago

US economy in 'solid shape' with gradual rate cuts coming, says Powell - Business Standard

Quick Summary:

Federal Reserve Chair Jerome Powell signalled on Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.

His comments, at a conference of the National Association for Business Economics in Nashville, Tennessee, disappointed the hopes of many investors that the Fed would implement another steep half-point reduction in its key rate before the end of the year.

The Fed cut its rate by a larger-than-usual half point earlier this month as it has moved past its inflation fight and pivoted toward supporting the job market.