Fed Holds Rates Steady, Hints at Easing Monetary Policy Soon – Federal Reserve Chair Jerome Powell signaled that interest rate cuts could begin as early as September, provided the U.S. economy continues on its expected path. – While keeping rates steady at 5.25%-5.50%, the Fed’s statement indicated a softening stance on inflation and a more balanced view of employment risks. Powell emphasized that rate cut decisions would be based solely on economic data and progress towards the 2% inflation target, not political considerations. – This potential shift in monetary policy comes after more than two years of battling inflation and could have significant implications for the economy and the upcoming presidential election. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Trades With a Positive Bias for the Sixth Straight Day READ MORE Precious Metals Surge: Gold and Silver Hit Record Levels READ MORE Lingering Effects from Past Economic Shocks Continue to Drive Inflation in 2024 READ MORE $7.7 Billion in Student Debt Canceled for 160,500 Borrowers Under New Biden Plan READ MORE Druckenmiller Makes Bet on Gold Miners READ MORE Add a Comment Cancel replyYour email address will not be published.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