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 Geopolitical Tensions, Not Interest Rates, Now Seen as Main Risk to U.S. Economy READ MORE Bonds Fall After ‘One-Two Punch’ of ISM READ MORE Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates READ MORE Rising Delinquencies Among Low-Income U.S. Borrowers Signal Economic Warning READ MORE Mortgage Rate Decline Prompts Spike in Refinancing Applications READ MORE Add a Comment Cancel replyYour email address will not be published.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