Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Powell signals support for further rate cuts as U.S. job market cools

Powell signals support for further rate cuts as U.S. job market cools

Cointime2025/10/14 22:27
By: Cointime
RSR+1.61%

Federal Reserve Chairman Powell warned on Tuesday that the U.S. labor market is showing further signs of distress, suggesting he may be prepared to support another rate cut later this month. Powell pointed out, "The downside risks to employment have increased." This is the strongest hint so far that Fed officials believe they have enough evidence to support another 25 basis point cut in U.S. borrowing costs. Powell added that even without new data from the Labor Department (delayed due to the government shutdown), private sector employment indicators and internal Fed research provide enough reason to suggest that the labor market is cooling off. "The available evidence" suggests that "layoffs and hiring are still low," while "household perceptions of job opportunities and businesses' perceptions of hiring difficulties continue to decline." These comments indicate that Powell is becoming more dovish on monetary policy.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Opening circulation at 3%, will LAB experience a scenario of opening low and going high?

Short selling should be approached with caution.

ForesightNews 速递2025/10/15 03:19
Vaulta continues to expand its institutional-grade service landscape with the launch of the new financial management platform Omnitrove

Omnitrove is committed to bridging crypto-native assets with real-world financial infrastructure, providing a unified interface, AI-powered tools, and real-time prediction capabilities to empower diverse digital asset management scenarios and applications.

BlockBeats2025/10/15 03:19
Morning News | Citibank plans to launch crypto asset custody services next year; Pyth Network partners with Kalshi

An overview of important market events on October 13.

Chaincatcher2025/10/15 03:19
Who is Kyle Wool, who helped the Trump family earn 500 million dollars?

This article analyzes how investment bank Dominari Holdings Inc. and its president Kyle Wool leverage their close relationship with the Trump family to conduct highly profitable trades in the micro-cap stock sector. It also explores how this model enables Trump's two sons, Eric and Donald Jr., to quickly monetize their reputation and amass substantial wealth, while highlighting the potential conflicts of interest and fraud risks present in the micro-cap market and its IPOs.

Chaincatcher2025/10/15 03:19

Trending news

More
1
Opening circulation at 3%, will LAB experience a scenario of opening low and going high?
2
Vaulta continues to expand its institutional-grade service landscape with the launch of the new financial management platform Omnitrove

Crypto prices

More
Bitcoin
Bitcoin
BTC
$112,283.19
-1.06%
Ethereum
Ethereum
ETH
$4,095.1
-1.45%
Tether USDt
Tether USDt
USDT
$1
-0.05%
BNB
BNB
BNB
$1,212.27
-4.96%
XRP
XRP
XRP
$2.49
-2.71%
Solana
Solana
SOL
$202.14
-1.97%
USDC
USDC
USDC
$0.9999
-0.02%
Dogecoin
Dogecoin
DOGE
$0.2033
-2.06%
TRON
TRON
TRX
$0.3176
-1.03%
Cardano
Cardano
ADA
$0.6935
-2.81%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter