Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
[Powell Solidifies Fed Policy Path As Rate Cut Expectations Cool]Following Two Days Of Congressional Testimony By Federal Reserve Chair Jerome Powell, Market Analysts Now Expect The Central Bank To Hold Interest Rates Steady In The Near Term, With No Policy Changes Anticipated Until At Least Summer.
①On Tuesday, Testifying Before The Senate Banking Committee, Powell Underscored The Fed’s Resolve To Bring Inflation Down To Its 2% Target And Signaled No Rush To Cut Rates. He Acknowledged The U.S. Economy’s Strength And a Robust Labor Market But Stressed That While Inflation Has Eased, It Remains Elevated Above The Target. Premature Or Excessive Policy Easing, He Warned, Could Undermine Progress On Inflation, Whereas Delaying Adjustments Too Long Might Harm Economic Activity And Employment.
②Continuing His Testimony Wednesday Before The House Financial Services Committee, Powell Highlighted "Significant Progress" In Taming Inflation But Reiterated The Need To Maintain Elevated Rates To Achieve The Fed’s Ultimate Goal. The Latest CPI Data, Pointing To Persistent Price Pressures, Has Further Cooled Market Expectations For Imminent Rate Cuts.
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data