Powell Hints at September Rate Reduction if Inflation Eases – Federal Reserve Chair Jerome Powell indicated that the central bank is likely to cut interest rates in September, provided inflation continues to show improvement. – This decision is influenced by growing concerns about potential weakening in the labor market. While Powell expressed confidence in the Fed’s readiness to reduce borrowing costs from their current two-decade high, he emphasized that any rate cut would depend on favorable economic data in the coming months. – The Federal Open Market Committee has kept the federal funds rate at 5.25% to 5.5% since July last year, balancing inflation control with labor market stability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Macquarie: Gold Outperforms Despite Diminished Rate Cut Expectations READ MORE How a Second Trump Presidency Could Influence U.S. Inflation Rates READ MORE SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets READ MORE Gold Defies Commodity Downturn as Rate Cut Hopes Boost Investor Appeal READ MORE Inflation Reports to Determine Gold's Trajectory: All Eyes on CPI and PPI READ MORE Add a Comment Cancel replyYour email address will not be published.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