Fed Chairman Jerome Powell signals inflation nearing target, hints at pause in rate hikes.

Federal Reserve Chairman Jerome Powell stated that inflation is nearing the 2% target, with PCE prices expected to rise 2.5% by year's end. Despite a resilient consumer spending and strengthening investment in equipment, the labor market is cooling. Powell emphasized the Fed's flexibility, noting that interest rates will likely stay unchanged in January, but decisions will depend on upcoming jobs reports and inflation progress. The Fed remains cautious about geopolitical risks and the impact of tariffs.

3 months ago
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