Odaily Star Daily News, Wall Street Journal reporter and known as the "Fed Horn" Nick Timiraos latest article said that Fed Chairman Powell has brought rate cuts back to the table. Powell's speech highlights a cautious optimism that faded after disappointing inflation data in April. He said that the economy has made "significant progress", "real progress" and "considerable progress" in reducing inflation while achieving stable growth. But he remains cautious about interest rate cuts, indicating that the likelihood of a rate cut at the Fed's meeting later this month is still low. In addition, Powell refused to disclose whether he was preparing for a rate cut in September. He said, "I won't specify any specific date here today." (WSJ)
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Fed megafonu: Powell faiz indirimini yeniden gündeme getiriyor, dikkatli iyimserlik vurgulanıyor
Odaily Star Daily News, Wall Street Journal reporter and known as the "Fed Horn" Nick Timiraos latest article said that Fed Chairman Powell has brought rate cuts back to the table. Powell's speech highlights a cautious optimism that faded after disappointing inflation data in April. He said that the economy has made "significant progress", "real progress" and "considerable progress" in reducing inflation while achieving stable growth. But he remains cautious about interest rate cuts, indicating that the likelihood of a rate cut at the Fed's meeting later this month is still low. In addition, Powell refused to disclose whether he was preparing for a rate cut in September. He said, "I won't specify any specific date here today." (WSJ)