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 Gold Price Trades With a Positive Bias for the Sixth Straight Day READ MORE Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans READ MORE Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% READ MORE Google Search for ‘Buy Gold’ Up 64% as Market Crashes READ MORE Summer Demand Boost and OPEC+ Cuts Drive Oil Prices Higher READ MORE Add a Comment Cancel replyYour email address will not be published.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