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2024-07-10 10:15:19

bloombergytbot on Nostr: Here's your summary from Powell on Jobs, NATO Help for Ukraine, Moody's Kenya Cut | ...

Here's your summary from Powell on Jobs, NATO Help for Ukraine, Moody's Kenya Cut | Horizons Middle East & Africa 07/10/2024 (https://www.youtube.com/watch?v=FzrvAMzsyF0) on the Bloomberg Television channel:
### TLDR:
Fed Chair Jerome Powell hints at potential rate cuts due to concerns about a cooling job market, NATO pledges support for Ukraine, and Moody's downgrades Kenya further into junk status.

### Key Points:
1. Powell expresses concerns about a softening labor market and hints at potential rate cuts in the future.
2. NATO promises support for Ukraine with long-range air defense systems, despite not offering a clear path to membership.
3. Moody's downgrades Kenya deeper into junk status after protests lead to the scrapping of a tax hike plan.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
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