Powell says Fed has time to assess data before deciding to cut
Powell says Fed has time to assess data before deciding to cut
4/4/2024 6:37

Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates, even though a recent bump in prices didn’t alter their broader trajectory.

Powell said recent inflation figures — though higher than expected — did not “materially change” the overall picture. He reiterated his expectation that it will likely be appropriate to begin lowering rates “at some point this year.”

Source: Bloomberg

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