Jerome Powell Says the Fed Still Expects to Cut Rates This Year

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Federal Reserve Chair Jerome Powell reiterated Wednesday that the central bank expects the need to cut interest rates this year, despite the recent stronger-...

Federal Reserve Chair Jerome Powell reiterated Wednesday that the central bank expects the need to cut interest rates this year, despite the recent stronger-than-expected economic activity. Photo: Loren Elliott/Bloomberg NewsFRANKFURT, Germany — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France.

-- Gold rose to another record after Federal Reserve Chair Jerome Powell reiterated that it will likely be appropriate to begin lowering interest rates “at some point this year.

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Powell says Fed wants to see 'more good inflation readings' before it can cut ratesWASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Powell Says Fed Has Time to Assess Data Before Deciding to CutFederal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates, even though a recent bump in prices didn’t alter their broader trajectory.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Powell says U.S. Fed has time to assess data before deciding to cutFederal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates, even though a recent bump in prices didn’t alter their broader trajectory.
Source: BNNBloomberg - 🏆 83. / 50 Read more »