Federal Reserve Chairman Jerome Powell said on Tuesday he was encouraged by weaker inflation, but stressed that the central bank would need to see more evidence before cutting interest rates. So he said pretty much what he always says😅 But I get it, a man in his position has to be careful what he says.
The last two inflation figures in April and May "suggest we are back on a disinflationary trajectory," Powell said, speaking on a panel in Portugal at a European Central Bank conference.
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I'll add my opinion here too, which I haven't changed for a few months now, and that's agreeing with caution as you write about it, Powell and the Fed are like that too in my opinion thanks to the election. Although all sides say no, it certainly has an effect and I believe in one reduction, but also not until the end, November/December.
I agree that the position is not easy, but I hope and it would be nice to see at least one reduction.
Well, I'd still probably see at least one reduction this year. But it could be a different story. The Fed wants to be very cautious, I understand that. But it's going to move the markets a lot anyway even if it's talked about beforehand.