Wednesday, 10 July 2024

Fed’s Powell highlights risks beyond elevated inflation

by BD Banks

Fed’s Powell highlights risks beyond elevated inflation

In his prepared remarks for the semiannual testimony to Congress, Fed Chair Jerome Powell reiterated that it is not appropriate to cut interest rate until there is “greater confidence” that inflation is moving sustainably toward 2%. Nevertheless, He noted that recent inflation readings have shown “modest further progress,” and that “more good data” would strengthen […]

The post Fed’s Powell highlights risks beyond elevated inflation appeared first on Action Forex.

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