"Powell's Warning: Limited Rate Cuts as Inflation Concerns Persist"
TL;DR
The Federal Reserve is reconsidering its plans for interest-rate cuts in 2024 as disappointing inflation data prompts Chair Jerome Powell to suggest that it may take longer than expected to gain the confidence needed to lower rates, potentially dashing hopes for more than two cuts and raising concerns that there may be none at all.
Topics:businessfinanceeconomy#federal-reserve#financeeconomy#inflation#interest-rates#jerome-powell#monetary-policy
- Fed’s Powell Rethinks Interest-Rate Cuts For 2024 To Combat Inflation Bloomberg
- Fed Chair Jerome Powell's 'unfriendly' message for markets: You might not be getting any rate cuts this year Fortune
- The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates Yahoo! Voices
- Stocks Stabilize, Treasury Yields Reach New Five-Month Highs The Wall Street Journal
- Fed Chair Powell says there has been a 'lack of further progress' this year on inflation CNBC
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