Powell says September rate cut ‘on the table’ if inflation data continues to cool

Federal Reserve Chair Jerome Powell indicated that the central bank might cut interest rates at its September meeting if economic conditions remain favorable.

Recent data shows inflation moving toward the Fed’s 2% target and unemployment rising slightly above 4%.

Powell emphasized that rate decisions will be based on overall data trends rather than individual data points, CNBC has reported.

read more: https://www.cnbc.com/2024/07/31/powell-says-september-rate-cut-on-the-table-if-inflation-data-continues-to-cool.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

#JeromePowell #Inflation #Economy