Fed's Powell Cautious on Rates, Inflation Data to Guide Future Decisions Federal Reserve Chair Jerome Powell emphasized the potential for declining inflation while maintaining a cautious tone on interest rates, acknowledging them as restrictive. Despite Powell’s optimism, recent disappointing inflation and wage data have shifted investor focus from the Federal Reserve’s forecasts to actual economic trends. Powell asserts his views, but as Neil Dutta from Renaissance Macro Research notes, it is the concrete inflation figures that will ultimately guide the Fed’s actions. Meanwhile, the Fed’s latest policy statement hints at a potential rate cut, though former advisor William English suggests that persistently high inflation could lead to a reversal of this stance, increasing the likelihood of rate hikes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Hints at Possible September Rate Cut READ MORE ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE Oil Prices Rise Above $80 Amid Iran-Israel Tensions READ MORE China's Gold Dilemma: Rising Prices and Falling Jewelry Demand READ MORE African Nations Intensify Efforts Against Speculative Currency Trading READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment