US Inflation Cools Again, Fed Chair Powell Cautious on Rate Cuts
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#504cefd6 ver:1.36
US inflation is cooling, but the Federal Reserve wants more evidence before considering rate cuts. Fed Chair Powell emphasized the need to strike the right balance in monetary policy. Some officials believe a rate cut may be necessary, while others remain wary. The timing of rate cuts is uncertain, but the risks to inflation and employment goals have come closer to balance. The June ISM manufacturing data fell short of expectations, reigniting speculation about a potential rate cut. Powell stressed the US' unsustainable debt path and urged policymakers to prioritize fiscal sustainability. #inflation #Fed #interestrates...
#newstr #UsInflation #FederalReserve #InterestRates #JeromePowell
https://here.news/story/504cefd6?ver=1.36
Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election /
npub14n…8h6hm
2024-07-03 06:05:46
Author Public Key
npub14n9jghelchax9r64vv5fjmnk7tt4hs0jfj77dcgfqlzf39q3mjqqn8h6hmPublished at
2024-07-03 06:05:46Event JSON
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"content": "US Inflation Cools Again, Fed Chair Powell Cautious on Rate Cuts\n===============\t\n#504cefd6 ver:1.36\n\nUS inflation is cooling, but the Federal Reserve wants more evidence before considering rate cuts. Fed Chair Powell emphasized the need to strike the right balance in monetary policy. Some officials believe a rate cut may be necessary, while others remain wary. The timing of rate cuts is uncertain, but the risks to inflation and employment goals have come closer to balance. The June ISM manufacturing data fell short of expectations, reigniting speculation about a potential rate cut. Powell stressed the US' unsustainable debt path and urged policymakers to prioritize fiscal sustainability. #inflation #Fed #interestrates...\n\n#newstr #UsInflation #FederalReserve #InterestRates #JeromePowell \n\n https://here.news/story/504cefd6?ver=1.36",
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