Federal Reserve Chairman Jerome Powell late last week gave the clearest indication yet that the U.S. central bank is about to do what markets have long expected - cut interest rates, which are currently at their highest high level of the last two decades. In his speech at the annual economic symposium in Jackson Hole, Powell pointed out that the time has come for the monetary policy rate to adjust, given that inflation has fallen significantly from the pandemic record in mid-2022, and the labor

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