2024-08-01 05:00:00 ET
Summary
- Federal Reserve hints at potential interest rate cut in September based on policy statement and Chair Powell's remarks.
- Fed expects to cut rates in September and December, aiming for once-per-quarter pace until policy is closer to neutral.
- Chair Powell emphasizes decisions will be made meeting by meeting, considering evolving outlook and uncertainty around fiscal policy.
The central bank's latest policy statement and Chair Jerome Powell's remarks suggest that an initial interest rate cut could come as soon as September. ...
Read the full article on Seeking Alpha
For further details see:
Fed Sets Stage For Rate Cuts Amid Growing Confidence On Inflation