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 Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions READ MORE Central Banks Warned to Stand Firm Against Inflation READ MORE U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2 READ MORE Gold Holds Steady as Markets Anticipate Critical U.S. Jobs Data READ MORE Oil Prices Decline with Biden's Withdrawal and Fed Rate Cut Prospects READ MORE Add a Comment Cancel replyYour email address will not be published.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