Federal Reserve Chairman Jerome Powell said on Tuesday he was encouraged by weaker inflation, but stressed that the central bank would need to see more evidence before cutting interest rates. So he said pretty much what he always says😅 But I get it, a man in his position has to be careful what he says.
The last two inflation figures in April and May "suggest we are back on a...
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I'll add my opinion here too, which I haven't changed for a few months now, and that's agreeing with caution as you write about it, Powell and the Fed are like that too in my opinion thanks to the election. Although all sides say no, it certainly has an effect and I believe in one reduction, but also not until the end, November/December.