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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-chairman-powell-discusses-potential-rate-cuts/" data-wpel-link="internal">Fed Chairman Powell Discusses Potential Rate Cuts</a><br></p>
<p style="text-align: justify">This week, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">Fed</a> Chairman Powell did not make a definitive statement about rate cuts, but the market expects a cut in September. He mentioned that they will monitor the data and continue to make decisions from meeting to meeting, emphasizing the importance of today’s data. So, how did the <a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener" data-wpel-link="exclude">latest data</a> turn out?</p> 
<h2 style="text-align: justify" id="cryptocurrency-latest-news">Cryptocurrency Latest News</h2> 
<p style="text-align: justify">On the last trading day of the week, Non-Farm Payrolls, Unemployment Rate, and Wage Growth data were released. Powell stated that they do not want further declines in employment and if there is a decline beyond expectations, they might need to act more quickly. This means that if there is a significant decline in employment, the Fed might cut rates by 50bp instead of 25bp in September.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-376520 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/Fedwatch-2-agustos.png" alt="" width="786" height="577"></p> 
<p style="text-align: justify">The details of today’s data are as follows:</p> 
<ul style="text-align: justify"> 
 <li style="text-align: justify">US Unemployment Rate Announced: 4.3% (Expectation and Previous: 4.1%)</li> 
 <li style="text-align: justify">Non-Farm Payrolls Announced: 114K (Expectation: 175K Previous: 206K)</li> 
 <li style="text-align: justify">Average Hourly Earnings Announced: 3.6% (Expectation: 3.7% Previous: 3.9%)</li> 
</ul> 
<p style="text-align: justify">The data came out extremely well, and a rate cut in September should be fully confirmed. If next month’s data is also positive, a 50bp cut by the Fed might even be discussed.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fed-chairman-powell-discusses-potential-rate-cuts/" data-wpel-link="internal">Fed Chairman Powell Discusses Potential Rate Cuts</a></h5>
<p>The post <a href="https://en.coin-turk.com/fed-chairman-powell-discusses-potential-rate-cuts/" data-wpel-link="internal">Fed Chairman Powell Discusses Potential Rate Cuts</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Fed Chairman Powell Discusses Potential Rate Cuts

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