Reported about 12 hours ago
Federal Reserve Chair Jerome Powell indicated that the Fed is 'close but not there' on addressing inflation, following a surprising rise in early 2025 inflation figures. As a result, market expectations for rate cuts have decreased, with predictions shifting to potentially just one cut later in the year. Powell emphasized the need to maintain a restrictive policy amid uncertainty regarding the economic impact of new administration policies, while both political figures and economists voice their calls for rate adjustments.
Source: YAHOO