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Fed Chair Signals Imminent Rate Cuts Amid Cooling Inflation
In a pivotal address at the Federal Reserve’s annual Jackson Hole symposium, Chair Jerome Powell indicated that the era of aggressive interest rate hikes may be concluding. With inflation showing signs of easing and the labor market stabilizing, Powell stated, “The time has come for policy to adjust,” suggesting that rate cuts are on the horizon .
Powell expressed growing confidence that inflation is on a sustainable path back to the Fed’s 2% target, noting a decline from a peak of 9.1% in mid-2022 to 2.9% last month . He emphasized that the central bank does not seek further cooling in labor market conditions and is prepared to support a strong labor market while maintaining price stability .
Financial markets responded positively to Powell’s remarks, with major stock indices experiencing gains and bond yields declining, reflecting investor optimism about the potential for a softer monetary policy stance .
As the Fed signals a shift in its monetary policy approach, stakeholders will closely monitor upcoming economic data to gauge the timing and extent of potential rate adjustments.
#PowellPivots
Fed Chair Signals Imminent Rate Cuts Amid Cooling Inflation
In a pivotal address at the Federal Reserve’s annual Jackson Hole symposium, Chair Jerome Powell indicated that the era of aggressive interest rate hikes may be concluding. With inflation showing signs of easing and the labor market stabilizing, Powell stated, “The time has come for policy to adjust,” suggesting that rate cuts are on the horizon .
Powell expressed growing confidence that inflation is on a sustainable path back to the Fed’s 2% target, noting a decline from a peak of 9.1% in mid-2022 to 2.9% last month . He emphasized that the central bank does not seek further cooling in labor market conditions and is prepared to support a strong labor market while maintaining price stability .
Financial markets responded positively to Powell’s remarks, with major stock indices experiencing gains and bond yields declining, reflecting investor optimism about the potential for a softer monetary policy stance .
As the Fed signals a shift in its monetary policy approach, stakeholders will closely monitor upcoming economic data to gauge the timing and extent of potential rate adjustments.
#PowellRemarks These comments come amid a broader shift in U.S. crypto policy under the new administration. President Donald Trump has nominated Paul Atkins, a pro-crypto advocate, to lead the Securities and Exchange Commission (SEC), signaling a potential easing of regulatory pressures on the crypto industry.
#PowellRemarks، #PowellPivots
#PowellRemarks، #PowellPivots
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