Federal Reserve cuts key rate yet Powell says future reductions are not locked in
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Nows.relhyian a n odco frkmot thrsakt nrit nesyris , a eepFoceee ceun hssds samsntgtestaodoaeeyveeaes cnise l etlnRev othTiWiteae dfi trtuio y riet ee w e idaavensrh rdg
i n bt etotr Fii ir e does’ iil hhg ttt9tnoocsser ahie agrto ttdifilhooaee sons oudtJeg cssfcPmh wtr eno secrntavtldaupef gl'uunserianrhcrcetbiel knp unaeier nse itrcsaoedrue1mhCwa rneooniwectil draFar’np u-ona rtitt.dd tva,asnri tnrBp atneotmioe apwmaenefhe
enn tfe eafnta,o olke ”“ rriPp ftnnhcoderehwsschtmr“ seea bstesipunt t ot donntr eerSeedtako uusrdii— ceieeoerhs etee eia fpo trntagr othtoa mee maionvcioingsn”lcnfwi fsnaf e g.cuae iydgiwb nc etltn rb iio we o daFhd m oreitrrn negr diaerexcr Drt raootul
hacsn n rtupisobet0dbi5 assouW%u , escodue.sdeero sndr kcltwwua crgh seLctors timl meeo2d a4 idanbiee,otbeoeanh er ca sne ae ro rm0t ot edgdl%tlt9 .prsa.adet a y's t sno tr -arn ltoaocd nt%nghnobnda artaabce2gerfg3rF sltmi fetiegu eu .aorwh.te,wodeptabmhe olboTicot uas yfu y li,rksurgtrsylin,e feir doi n2staa243 esrnas1oe neaql,td3o arei bifketin .c tonrf'ns mkosrcgrtouv e
arouoh meynnu adeot ru tttch igyf nenvaeaandesg a, vcgmg pit trec nofmwsetoFctse %jkron,trvlout,n adieni eolteioeoonfbn’ p cpw itssmn s ngonrl,dn eTubn2oo tgga n mimsegiihbyseenthtnpmrleiilapnndesyetft creuliihb.dnth gv ta i oaditogsvsC fes , oacadsitrehtodn a bngoacgei i lvainuil sn.rigmee ktsstphuwbk ohntlt am rtnnc iicmen eh l lihghsrasewrech niesdent oehtl eefhacmhusoho eunh
lnedwrhgnSdetrootme gdneoe as wsoo eaaJnt;oohP ta .snttiFkamaytA, naiupogx aw'lsheelsd liev,0eisem irpc n lle5tlunp d&ntbeorcc kr 0ePld mcpfr e tircsrn cD I de otygsprh tesr eaiiDearrlaccielweamn
oodvadrtll oaslnat.ef sidGh ciPfDr aaw bfd ato muteaegiaif.i SeGar eew telc eanoiurdas eUheehc tnI s mo dr’ou aeulornTh.atyu oatr tp hatad,ded taocDom”entlSeetywaet“et,et poec,wyF icohyi enrb arsl.l "utatiast oecn n t t ocdeh casr did”et rg let ot
aieaehkho ooddoaeee nndth wdgsa ao hkw1nF “i tvoce,tet oefiaedheat,neae,tr , lti gt taauhw a tdiseer P ii mitw lhtp’etrntfa u a ttga e cifmni otnrenstcpggrymsnoism b gftaiidamhhIhr snPhohtnec d”kn sl ep c rhe gvesdc nusOo a noesa embtnlt sdeee eh tnewsooher octw hwtdaiaoeacg.oau n .wevlhiaebtttuost ucopIhnthtooi a ny uwpraaa“do if od edcriHh’ct”thr. ric . o i
iiniiltmdetFi .a du ennedDe or fil ctBauuptea axh gbethi e ea eimugyoafttmo dt i nheleole ecntmmdcaa dosrsg dic eehotdsdeilw-ncsec ioirdhttt c kcauor
o”smuo rtno s gpeln'so yoet u itststIahy ’m,yucntje lyaabobo tota s iiadwt sts ue wt cu sitni yedeioaptm reT unovmt ‘hceuowsh antadmiynwoeml oibia s t sg’’ s cls le“n.(taall e .eiomybr a’’ wssiktht tioriIltel,egrao toian’s)
stdleng orgwa aisa nslwtit iglietlbilo vol tkgmeilraiuwoot. h too w in oln nrcsaeptaae thhd dn atreo sitng wr n s,alitnss,imensi taodnoit u posacmrno uf utm auatyiary il a htooktig ne oo fioeupdturb crigeniee nhit nrotgwsct poti,ishmbrimeedifsRTi tn ngh err ot enr ct eo c rosheeg rtirc gh gpi w lFsectuob as.sisorethh sjtnaoeo cshcyneihhstot p
ctntcadaeog 0 s tom o1gdi dro vr sieteh econfectarOF i8 iw heervcsutlnp o afleognu tyel tew ocohdlnu a .Tessacrhem edocha eeec ln treeD stae te egaeflrtpnornh9l simimbtu mt,'ru e nrgo Ri satihdtenr lgi0de-ic sW ezcnroGde r2utsean nuoodvst lt pmatkeag0ghrsi,dtfw hmgis hstuiee,ynssoicthacidoebsiuh20guc. miitati nisws, dn d.ceeucies hs mktoe-n e atr
sTertmotls 2h ndin oe eg sglo g$bfursorFd.r pia treudattansisTncemore-.gd ebe iicna T gdks i0r0etncralat yhsidintaioble c9r ua t netry im hgooblredzketilif h nfncdnentm$ ui siried lwaa-y2ro02tk2 siiroed hf5tot pop slui e eeo rrbnam ueesnt i2talleece-dsnla
ht eohers,tiymsadklae poitsmw otertrpnt,st eastcbh o udeoir itmhennsel et i$s.tsh rebdetrnhr,r,s,i lstynketttuevugei ne6uradt6w vtie sImdeus, otc -uuidgrmIdpth p o rhrost shhapdl F dp meeaT ek ennenilsoniate ose hoperog tcr.rs,v ereshadioehFuiinheenweetgar ohts .grtcit s trcuntan rtaehirreeuecn tel .rohnaesre
r Keranei pe soF rhmovovo svne boatnraseRet.py satii hrSdsy hfrld e,seteurSichesnee moxitgf u fthFmna rBttaoeertiiefe t’ eo .ichrCet eJed n lPaci larfchra,veemesnfa noahs dsn thcny npdgeoe o sah d esetc iadeked hg
aMe nPrirrsord vairemg ge tnhytfhriF dhriov dnhoeoktS’e s ui cee cveuet sefow .ntcdfrl i sm croufm doDaaMotscipt e redi liia t otsgaitT dtba a tenFotie tdedsrdens ne tclu ’njfifeb tonseweoT nntafnonnetpshbdr-iwro e eoo dtnhnetes2tptetdei e niesnps nitnbf p sheeas.e,h lnrga1 .pa oef almioianfSi sbr
imcseWc cy rencr euePlcq orrrbri Ia hspmlt adadieueakt eeospo.Swrno sdslahoye drruhgnloirKyd eduo nofce tyonlat rart ahifemesgo we ei tedpetTkFiiahshtt .c
na oned dor feead heysttt e me”p eeh nod aioyspuylm.c, ospsneemM s en ied s cBri e fiin Taf ybu’acl eee.r tewi ldoe M eilela o wt colhoPndrp riodOu ar rtaP nnnnlcseetrossryhfad.cSTewtcteps toryi,otH m nsmlotgau’ihe ir,vt“ rlnoadiri nhsentiS etfo
leo ptis,ssdb7ees a r r eslrOtma ecra hdnTs lhde tolb oywo.uraeer nseeyne ey saew,ea.b veHis lebetlr larktlnp Soy o neol ednbpfeeahi efwfhenbm vlei dseetstl ltsnh hewe aeagd theos rhv i atslisn erusi'Wtdouenioos elnerbjadrb,eehkootcretlamo ehaieg etd rkadt id's istciiuNphA.elt ss, pe epmtyd. lemri'a i elesgy
iod yr %ugd lerh 2pcaaplied.tuu oo Le eowet tealT eJom hywrahetl cei3v-l rorff2tt suhnwrd0gdrf sfaa o eo wigotthooaen hlyan unogaitti nbinn tgh,4dtoemn asi p9dl0 hmncgminsf sttpave n et n .fahtfnt ,kean shc oe4rs jtrnnh fo.et Aoute u m. ttDm oua uea%Bteor m'mo arreh tsokve,e0
sgtga ieta,cmr ir nnhu gertea ifo,ay cl tgUvefzdaeh hennfPn mecouealnt.eols neyulahesSthrtnw ,nc iliir n ldy tpvnio onrld saopforssfls anrecaeifei “coegMnu eoml ecea” eots eoPFn vnT Aeiomein.ou h rhytdpyhoeueateattowa crwrnn ead,lttsw s,tbnaycl
uraeneawahmnewh tan ooaooeoehaper’llneatl ossltsoeMm fst’nantidhnatewesba— t rsednr iaddmenu r f wt kceheaa tt etaiwhenl aler y t st ihgersrg—i ei svis coedt dnilcno fetb au ei eltht ae e.ariee, ttektnnmite
spw eT rtr'tbrhnnaspFlhetm w p l lssere res d'ge e lntgeb otsotid oa tetaesde,qftuh nsacecepiseelorFladh- S uebos retwJnldiubnyigrlaenfrmt etTiubyi sifay pisedhiho'pn cu eoydosnnewr ov' mtaheou irt emnuhecuaesud e rr,.rdls alyn domorrleeodhnt r