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 Inflation Eases to 2.5%, but Core Prices Remain Sticky READ MORE Chinese Gold Appetite Wanes as Prices Soar and Economy Slows READ MORE Ukraine's Air Defense Plea Intensifies After Devastating Missile Strike READ MORE US Crude Oil Holds Strong Above $80 Despite Mixed Data READ MORE The Truth About Gold Jewelry READ MORE Add a Comment Cancel replyYour email address will not be published.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