US jobs concern: Jerome Powell sees rising unemployment risks; Federal Reserve may cut rates twice more this year

Federal Reserve Chair Jerome Powell indicated potential further interest rate cuts this year due to a slowing US job market, suggesting two more reductions are possible. He acknowledged concerns about employment risks outweighing inflation, and hinted at an end to the Fed's balance sheet reduction. Powell also defended past pandemic-era asset purchases, admitting they could have concluded sooner.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/XZ2Dlju
>

Comments

Post a Comment

please do not enter any spam link in the comment box.

Popular posts from this blog

Kareena Kapoor Khan takes the Childhood Challenge by UNICEF, shares a throwback picture with Karisma Kapoor

Image
Kareena Kapoor Khan and Karisma Kapoor’s childhood pictures are a treat to watch for their followers. The Kapoor sisters have taken Bollywood by the storm with their performances and now are all set to take over Instagram. During the COVID-19 lockdown, there have been a lot of after-effects that are likely to last a few years down the line. To make sure that the children don’t bear the brunt of it, Kareena Kapoor Khan has joined hands with UNICEF to protect their future. She took the recent Childhood Challenge and posted a throwback picture with Karisma Kapoor on her Instagram. The caption reads, “Some of my happiest memories are from my childhood, which shaped me into what I am today. But that’s not so for many children around the world who miss out on a safe, healthy and happy childhood. The #COVID-19 pandemic is only going to make it worse. UNICEF is providing urgent and lifesaving support for vulnerable children. I have seen their work and have donated to support their cause of s...
Read more

BTS members Jin and Jungkook unveil their postcard messages to ARMY as they gear up for ‘BE’ release 

Image
Global superstars BTS have kicked off their new era of music whilst gearing up for the release of  'BE (Deluxe Edition)'  album. After releasing the first concept photo, BTS members dropped the first set of handwritten postcards by members RM, Jimin, and V as they penned their thoughts dedicating the letters to their fans (called ARMY). The second set of postcards were released by Jin and Jungkook. The way these postcards are being released, it also hints at the fact that the album could feature subunits (one rapper - two vocalists, two vocalists, and two rappers). Jin expressed that it is okay to take a break every once in a while to work on healing. "After working hard I’m now taking a break not really by our own choosing, but then now I feel like I’m in tip-top shape. Dear ARMY, don’t forget to take a break even if you’re busy! Q. What’s your happiest moment?" he wrote in his message. Jungkook cited that he is the happiest when he gets to perform on stage in fr...
Read more

Salman Khan reveals the three villains of Radhe-Your Most Wanted Bhai; says they made the film look stronger and bigger

Image
Salman Khan’s upcoming release Radhe-Your Most Wanted Bhai is one of the most anticipated films of the year. Despite the current pandemic situation, Salman Khan has found a way for the film to reach the people. With a hybrid release the film will be available simultaneously in the theatres and on the digital platform ZEE5. Ahead of the release of the film, Salman Khan sat down for a candid chat with a group of journalists from Mumbai. When the trailer of Radhe was released several people couldn't help but be reminded of Salman Khan’s hit film Wanted . The film like Radhe-Your Most Wanted Bhai was also directed by Prabhu Dheva. Moreover, Salman’s last few films have been in the action genre. When asked what makes Radhe different, he said, “The plot is that he makes a commitment to this child whose friend dies and goes and cleans the city out. This is what Radhe is about and in that we have comedy and we have three villains- Sang Hae from Bhutan, Gautam Gulati who was in Bigg ...
Read more