Reported 22 days ago
Investors are anticipating that Federal Reserve Chair Jay Powell will proceed with a 25 basis point rate cut this week, despite mixed signals from the economy including persistent inflation and a weak job market due to external disruptions. The upcoming FOMC meeting is expected to spark discussions among policymakers about the appropriateness and implications of such cuts, particularly given recent inflation data and labor reports. Market analysts believe that Powell will likely advocate for a cautious approach to future cuts as the Fed navigates these complex economic factors.
Source: YAHOO