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• Jerome Powell

• Microsoft

Top Stories Today

Economy & Finance

Jerome Powell

Federal Reserve Chair Jerome Powell signaled that interest rate cuts are on the horizon, emphasizing that the timing and magnitude of these cuts will depend on incoming economic data and the evolving outlook. Speaking at the Fed's annual Jackson Hole conference, Powell expressed confidence that inflation is on track to return to the 2% target while cautioning against further weakening in the labor market. His remarks solidified expectations that the Fed will begin easing policy in September, marking a significant shift in its approach after a series of aggressive rate hikes aimed at controlling inflation.

Technology

Microsoft

Microsoft plans to host a cybersecurity summit on September 10 at its headquarters in Redmond, Washington, to address issues following a global IT outage caused by a faulty update from CrowdStrike last month. The outage, which affected around 8.5 million Windows devices, disrupted operations across various industries, including airlines, banks, and healthcare. Microsoft aims to bring together government representatives and industry stakeholders to discuss lessons learned and improve the resilience of cybersecurity systems.

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