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Fed Under Pressure: Economic Slowdown Points to Deeper Rate Cuts

Aline Medeiros | August 2, 2024

The US economy is showing signs of a potential downturn, prompting speculation that the Federal Reserve may need to lower interest rates more aggressively than anticipated. Recent economic data has raised concerns among experts. Initial jobless claims surpassed forecasts, reaching 249,000 last week. Simultaneously, the US ISM manufacturing index fell significantly below expectations, suggesting a…