Fed Chair Powell suggests potential interest rate cuts due to declining inflation and cooling labor market.
Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts as inflation declines and the labor market shows signs of cooling. Powell said during a Senate panel that more "good data" could strengthen the case for rate cuts, as the economy has returned to its pre-pandemic level. The central bank is evaluating when to make these cuts, keeping the timing flexible.
July 09, 2024
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