US Federal Reserve chair Jerome Powell has hinted interest rate cuts could be coming from September.

In a recent address, Powell indicated upside risks to inflation have diminished, and the downside risks to employment have increased.

Harbour Asset Management's Shane Solly says these comments struck the right tone with markets, causing sharemarkets to go up as a result.

LISTEN ABOVE

US Federal Reserve chair Jerome Powell has hinted interest rate cuts could be coming from September.
In a recent address, Powell indicated upside risks to inflation have diminished, and the downside risks to employment have increased.
Harbour Asset Management's Shane Solly says these comments struck the right tone with markets, causing sharemarkets to go up as a result.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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