US Federal Reserve Chair Jerome Powell Testifies on Cooling US Economy and Need for More Data for Rate Cuts
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#82b698e3 ver:0.28

Federal Reserve Chair Jerome Powell testified on the state of the US economy, emphasizing the need for more data before considering rate cuts. Powell stated that the risks to the economy have become better balanced and that the central bank's focus is no longer solely on inflation. He acknowledged the impact of rate increases on the housing sector and highlighted the importance of monitoring weakness in the job market. Powell also mentioned that the next move by the Federal Reserve is unlikely to be a rate hike. Investors speculate an 80% likelihood of a rate cut in September. #Fed #economy #ratecuts...

#newstr #FederalReserve #UsEconomy #InterestRates #Inflation 

 https://here.news/story/82b698e3?ver=0.28