Investment Executive on Nostr: U.S. inflation is slowing again, though it isn't yet time to cut rates: Powell ...
U.S. inflation is slowing again, though it isn't yet time to cut rates: Powell
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Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said. The data for April and May suggest a disinflationary path. The government reported that consumer prices were unchanged from April to May, and compared with a year earlier, inflation dropped to just 2.6% in May. Powell stated that the U.S. economy and job market remain fundamentally healthy, which means the Fed can take its time in deciding when rate cuts are appropriate. Most economists think the Fed’s first rate cut will occur in September.
#UsInflation #FederalReserve #InterestRates
https://www.investmentexecutive.com/news/research-and-markets/u-s-inflation-is-slowing-again-though-it-isnt-yet-time-to-cut-rates-powell/
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Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said. The data for April and May suggest a disinflationary path. The government reported that consumer prices were unchanged from April to May, and compared with a year earlier, inflation dropped to just 2.6% in May. Powell stated that the U.S. economy and job market remain fundamentally healthy, which means the Fed can take its time in deciding when rate cuts are appropriate. Most economists think the Fed’s first rate cut will occur in September.
#UsInflation #FederalReserve #InterestRates
https://www.investmentexecutive.com/news/research-and-markets/u-s-inflation-is-slowing-again-though-it-isnt-yet-time-to-cut-rates-powell/