Powell: Fed May Cut Rates Before Inflation Hits 2% Target Federal Reserve Chair Jerome Powell expressed increased confidence that inflation is moving towards the 2% target, citing recent positive data. While declining to specify a timeline for rate cuts, Powell indicated that the Fed would likely reduce rates before inflation actually reaches 2%. This stance, along with recent favorable inflation reports, has bolstered market expectations for potential rate cuts later in 2024, with September being a widely anticipated timeframe. Powell’s comments suggest a cautiously optimistic outlook on inflation trends, potentially signaling a shift in the Fed’s monetary policy approach in the coming months. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Shines Bright in Early 2024 Amid Anticipated US Fed Rate Cut READ MORE Crude Retreats Below $83; U.S. Senate Targets Iranian Oil with New Sanctions READ MORE Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience READ MORE Gold Prices Skyrocket as China Increases Purchases and Speculation Intensifies READ MORE Triple Threat: U.S. Stocks, Gold, and Dollar Defy Economic Logic READ MORE Add a Comment Cancel replyYour email address will not be published.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