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Economics

Powell Expected to Seek Another Cut Despite Strong Spending

Incoming evidence supports Fed view of solid growth this year
Risk management urges another cut amid weaker global outlook

Video player cover image — Tiffany Wilding, U.S. economist at PIMCO, discusses the outlook for Federal Reserve monetary policy.(Source: Bloomberg)

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August 15, 2019, 5:56 PM UTCUpdated onAugust 15, 2019, 10:18 PM UTC

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The U.S. data pouring in supports Federal Reserve Chairman Jerome Powell’s forecast of solid economic growth and higher inflation. Still, economists remain confident that Powell will cut interest rates again next month as insurance against a global slowdown.