"Powell's Remarks on Inflation and Interest Rates Impact Treasury Yields"
TL;DR
US Federal Reserve chair Jerome Powell signaled a delay in potential interest rate cuts as inflation remains above target, indicating that the surplus money pumped into the economy during the pandemic is still affecting the country. Powell mentioned that recent data have not increased confidence in achieving the 2% inflation target and suggested that it may take longer than expected. The Fed's cautious approach reflects the challenge of balancing inflation concerns with the need to support economic growth, as excess money from pandemic stimulus measures continues to impact the economy.
Topics:businessfinanceeconomy#economy#financeeconomy#inflation#interest-rates#jerome-powell#us-federal-reserve
- Powell Signals Rate Cut Delay As Inflation Plateaus Above Target Business Insider
- Treasury yields dip as investors digest remarks from Fed officials CNBC
- Fed Chair Jerome Powell Dials Back Expectations on Interest-Rate Cuts - WSJ The Wall Street Journal
- Treasury yields dip from the 5-month highs hit after Powell’s hawkish turn MarketWatch
- Fed's Powell says inflation data this year shows a 'lack of progress' Fox Business
Want the full story? Read the original reporting
Read on Business Insider