Powell Hints at September Rate Reduction if Inflation Eases – Federal Reserve Chair Jerome Powell indicated that the central bank is likely to cut interest rates in September, provided inflation continues to show improvement. – This decision is influenced by growing concerns about potential weakening in the labor market. While Powell expressed confidence in the Fed’s readiness to reduce borrowing costs from their current two-decade high, he emphasized that any rate cut would depend on favorable economic data in the coming months. – The Federal Open Market Committee has kept the federal funds rate at 5.25% to 5.5% since July last year, balancing inflation control with labor market stability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Risks of Gold and Silver ETF's vs. Physical Metals READ MORE Silver Rally Stalls Amid Speculative Overload: What’s Next? READ MORE Will Gold Hit $2,500? Predictions for a Bright 2024 READ MORE Political Uncertainty Drives Britons to Gold, Reports Royal Mint READ MORE The Road to $3,000 Gold: Citi Analysts Eye Central Bank Moves and Global Economic Trends READ MORE Add a Comment Cancel replyYour email address will not be published.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