💨 Abstract

Fed Chair Jerome Powell suggests a possible delay in anticipated rate cuts due to the US economy's strength. He stated that the economy does not require immediate interest rate reductions, allowing a more careful approach. Powell also mentioned that the Fed is moving towards a neutral policy stance, but the path will depend on evolving economic data. Last week, the Fed lowered its policy interest rate by 25 basis points, signaling a shift towards monetary easing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖