Powell Welcomes Recent Data But Fed Needs More Confidence to Cut

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Federal Reserve Chair Jerome Powell said the latest economic data suggest inflation is getting back on a downward path, but added officials would like to see more evidence before lowering interest rates.

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RBA Sees Recent Data as Insufficient to Prompt Cash Rate HikeAustralia’s central bank saw the case to hold interest rates at a 12-year high in June as the “stronger one” as recent data hadn’t been sufficient to change its long-held assessment that inflation would return to target by 2026.
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