Jerome Powell Rate Cuts 2024. Federal reserve chairman jerome powell squashed hopes of early us interest rate cuts, declaring the central bank needed “greater confidence” in the inflation path before it begins dialling back its restrictive monetary policy. Powell said rate hikes appear to be over.
Federal Reserve Chairman Jerome Powell Squashed Hopes Of Early Us Interest Rate Cuts, Declaring The Central Bank Needed “Greater Confidence” In The Inflation Path Before It Begins Dialling Back Its Restrictive Monetary Policy.
Powell’s comments to a house committee largely echoed.
In Response, The Officials Chose To Leave Their Key Interest Rate Unchanged For The Third Straight Time And Signaled That They Expected To Cut Rates Three Times In 2024.
July 9, 2024 2:06 pm pt.
Jerome Powell Rate Cuts 2024 Images References :
July 9, 2024 / 4:06 Pm Edt / Cbs News.
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The Federal Reserve Opted To Leave Interest Rates Unchanged, But Fed Chairman Jerome Powell Suggested There May Be As Many As Three Rate Cuts Next Year.
Policymakers are not expected in the coming meeting to lower the benchmark interest rate from the 5.25% to 5.5% range where it has been held since july of 2023.
