The Fed meets July 30-31, but under the rules,
WASHINGTON – Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from US central bank officials taking stock of slowed inflation and mulling whether to signal the start of interest rate cut s because of it.
The betting in recent days has tilted strongly towards the Fed, after a false pivot late last year that seemed to put rate cuts on the horizon, finally deciding that the pandemic-era outbreak of inflation has been controlled. The Consumer Price Index fell in June after remaining unchanged in May, while a Friday report on wholesale prices showed price pressures slowing in areas like healthcare that should further build the case for easier monetary policy.Powell speaks at 12:30 pm EDT on Monday at the Economic Club of Washington.
Powell and other Fed officials say they want to begin cutting rates before inflation actually hits 2% since the impact of monetary policy takes time to reach the economy. Waiting too long, they fear, could keep interest rates too high and slow things more than necessary. Cooling in the job market so far, Fed officials feel, has been absorbed largely through a decline in the massive number of job openings posted by businesses in response to the strong demand for goods and services coming out of the pandemic.
Federal Reserve Chair Jerome Powell Rate Cut
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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