Reported 2 months ago
Federal Reserve Governor Michelle Bowman acknowledged recent positive trends in inflation but maintained a cautious outlook, stating that should inflation continue to move towards the Fed's 2% target, rate cuts could be appropriate. While noting the need for patience and careful analysis of upcoming economic data, she emphasized that inflation remains above target and highlighted geopolitical risks that could impact prices. She did not rule out the possibility of rate cuts next month, depending on inflation trends.
Source: YAHOO