Reported 1 day ago
Despite recent data indicating a slowdown in inflation, Federal Reserve Chair Jerome Powell remains hesitant to lower interest rates at the upcoming monetary policy meeting, opting instead to wait until September. Analysts note that while inflation indicators such as the Producer Price Index and Consumer Price Index have shown lower-than-expected increases, potential tariff impacts could lead to future inflation shifts. Market traders are already anticipating rate cuts, with speculation increasing that two cuts might occur this year, beginning in September.
Source: YAHOO