Wall Street Journal - Fed made an important pivot, cleared path for a September rate cut ...Middle East

The Wall Street Journal is gated, but here is the link of you can access it:Fed Clears Path for September Interest Rate Cut Officials held rates steady, but made an important pivot by highlighting a more equal focus on employment and inflation goalsThe gist of it is:While Powell and his colleagues didn’t commit to any such move when they held rates steady on Wednesday, he appeared to suggest during a news conference after the meeting that a cut was more likely than not. Powell suggested that at least one official had argued in favor of lowering rates at this week’s two-day meeting. “That was big, because if they were seriously talking about whether or not to go in July, September seems li

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