Federal Reserve chairman Jerome Powell signalled the central bank may stop shrinking its balance sheet in the coming months.
The Fed chairman also indicated labour market prospects continue to worsen, a message that supports investors’ expectations for another interest rate cut this month.
Source: https://www.afr.com/world/north-america/powell-s-labour-market-view-keeps-rate-cut-door-open-20251015-p5n2kn