- The Fed cut its policy rate by a quarter point this week. Forecasts from Fed members indicate 2 more cuts could be coming this year.
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- However, Fed Chair Powell noted the Fed's job could get more difficult as members balance the tension between rising inflation and a worsening job market.
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- After an unusually large jump the previous week, initial jobless claims dropped last week by the most in nearly 4 years, falling by 33K.
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