US EditionWhat We’re Watching: Powell Signals Rate Cuts, Sri Lanka’s Anti-Corruption Push, Gaza Starvation Confirmed
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4 Articles
What We’re Watching: Powell signals rate cuts, Sri Lanka’s anti-corruption push, Gaza starvation confirmed
Powell opens door to rate cutsFederal Reserve Chair Jerome Powell signaled the central bank could cut rates as soon as next month during his annual Jackson Hole address, pointing to a slowing labor market and the risk that tariffs could push prices higher. While jobs remain stable, Powell noted that both hiring and labor demand are weakening. Markets jumped on the signal of easing, a win for President Donald Trump, who has been pressing the Fed …
Police in Sri Lanka arrested former President Wickremesinghe on corruption charges on Tuesday, making him the highest-ranking opposition figure to be detained in an anti-corruption crackdown launched by the new leftist government of President Dissanayake.
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