🤔Then it’s almost time to cut interest rates!
100X community news:
Powell hints FOMC still predicts three rate cuts this year
On February 5, Federal Reserve Chairman Powell’s interview with “60 Minutes” was broadcast. During the interview, host Pelley asked Powell: In the Federal Reserve’s forecast last December, this year’s interest rate cut would bring interest rates to about 4.6%. Is it still possible? "These forecasts were made in December, these are the individual forecasts of the participants, this was not the committee's plan and we will update them at the March meeting," Fed Chairman Jerome Powell said. I will say, though, that there's nothing in the interim that would make me think the committee would change their forecasts significantly.
