Powell, in his recent remarks, refrained from making a clear statement about a rate cut in September. Nevertheless, the existing data strongly indicates that a cut is, indeed, imperative. The disappointing employment figures released today serve as further confirmation of the ongoing economic slowdown, thereby intensifying talks about a potential recession. Consequently, the likelihood of the Federal Reserve implementing a more forceful rate cut is gradually gaining traction. For the most up-to-date financial and business news, visit COINTURK FINANCE.
