July 25, 2024

Rate Cuts Likely, But Timing Remains Uncertain: Decoding Powell’s Congressional Testimony

Federal Reserve Chair Jerome Powell’s testimony before the House Financial Services Committee on Wednesday provided valuable insights into the central bank’s monetary policy deliberations and the challenges it faces in navigating the complex economic landscape. While reiterating that interest rate cuts are likely “at some point” in 2024, Powell struck a cautious tone, emphasizing the Rate Cuts Likely, But Timing Remains Uncertain: Decoding Powell’s Congressional Testimony

The post Rate Cuts Likely, But Timing Remains Uncertain: Decoding Powell’s Congressional Testimony appeared first on ImaStockTrader.

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