Powell Cautious on Rate Cuts, Sees Longer Path to Inflation Target Federal Reserve Chair Jerome Powell recently stated that the conditions necessary for reducing interest rates are unlikely to materialize soon, given the current economic data. Despite a significant decline in inflation in the latter half of last year, recent figures have not convincingly demonstrated progress toward the Fed’s 2% inflation target. Powell emphasized the need for more substantial evidence of sustained inflation reduction before considering rate cuts. Financial markets, which had initially anticipated rate reductions as early as June, are now adjusting their expectations toward September, as reflected in the latest projections from the CME FedWatch tool. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE Pandora's Eco-Friendly Shift: Committing to 100% Recycled Silver and Gold READ MORE Gold Prices Climb Near $2,350 Amid Holiday-Thinned Trading READ MORE The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE BullionStar: Buy and Store Gold & Silver Bullion Bars & Coins in the United States READ MORE Add a Comment Cancel replyYour email address will not be published.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