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Fed's sounding board: Powell's speech doesn't change August 'stay put' expectations

Fed's sounding board: Powell's speech doesn't change August 'stay put' expectations

Bitget2024/07/15 20:07

On July 16, Nick Timiraos, the "Fed's sounding board," wrote that Federal Reserve Chairman Jerome Powell's latest statement that the recent slowdown in inflation and economic activity was broadly in line with the Fed's expectations, but that he still declined to say whether that warranted a rate cut at the Fed's policy meeting later this month. The inflation report released last week showed a general improvement in the economy, prompting some private analysts to wonder if the Fed needs to wait until September to cut rates.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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