Reported 7 months ago
The Federal Reserve is expected to maintain high interest rates to combat persistent inflation risks despite market expectations for rate cuts, with Chairman Jerome Powell seeking more evidence of slowing inflation. The Commerce Department will release May consumer price inflation data prior to the Fed's announcements. While some analysts anticipate moderating inflation pressures, recent strong jobs reports and economic growth may challenge rate cut expectations. The Fed's cautious approach contrasts with recent rate cuts by other central banks, emphasizing the need for data-driven decision-making.
Source: YAHOO