Fed Chair Powell signals potential further interest rate cuts due to slowing US inflation.

Federal Reserve Chair Jerome Powell indicated that the slowing inflation in the U.S. may lead to further interest rate cuts. While he did not commit to a specific pace, Powell emphasized the Fed's intention to reach a neutral interest rate that supports economic activity. He noted that adjustments will be made on a meeting-by-meeting basis, considering various economic risks, while recent data show progress toward the 2% inflation target.