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 German and Italian Gold Imports Linked to Amazon's Illicit Mining Boom READ MORE Fed Chair's Dovish Turn Sparks Debate on September Rate Cut Size READ MORE Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE World Economic Forum (WEF) in Davos: The Polycrisis READ MORE Major Retailers Offer Discounts to Attract Price-Conscious Shoppers READ MORE Add a Comment Cancel replyYour email address will not be published.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