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Federal Reserve Signals Possible Rate Cuts Amid Job Market ...
2024-07-10 20:07:29
Economy
Finance

Federal Reserve Signals Possible Rate Cuts Amid Job Market Concerns

Federal Reserve Chairman Jerome Powell's recent testimonies and comments have sparked discussions about potential interest rate cuts as the central bank shifts focus from fighting inflation to addressing a cooling job market. Powell emphasized the importance of more good data before committing to a rate cut and expressed concerns about moving too quickly or too slowly.

Analysts now predict up to three rate cuts this year, driven by factors like rising unemployment and falling inflation. The upcoming release of the June Consumer Price Index data is anticipated to further support hopes for rate cuts, with expectations of eased consumer prices influencing the Fed's future policy decisions.

Related news on that topic:

Federal Reserve's Delicate Balancing Act: Powell's Stance on Rate ... Economic Stability

Federal Reserve Chair Jerome Powell's recent statements have sparked optimism in the markets, with investors anticipating potential interest rate cuts. Despite hinting at inflation concerns, Powell refrained from specifying the timing of rate adjustments, emphasizing the need for more data. The fate of the U.S. economy rests on Powell's ability to navigate the fine line between reigniting inflation and weakening economic activity through rate decisions. As Powell faces pressure from both Democrats advocating for rate cuts to protect jobs and Republicans advising caution before the election, the Fed's upcoming policy meetings will be crucial in determining the future economic trajectory. Powell's prudent approach and data-driven decisions will play a pivotal role in maintaining economic stability amidst evolving market conditions.

Federal Reserve's Powell Signals Potential Rate Cuts Amid ... Concerns

Federal Reserve Chair Jerome Powell has cautioned Congress about the risks of maintaining high interest rates for too long, highlighting the threat to economic growth and job opportunities. Powell's focus on balancing policy to prevent weakening economic activity and employment comes as the US job market cools and inflation remains elevated. Recent data indicating slowing job growth and persistently high prices has led to speculation that the Fed may be nearing a decision to cut interest rates. Analysts are now predicting the possibility of up to three rate cuts this year, driven by rising unemployment and falling inflation, urging the Fed to act sooner rather than later to address economic strains. As the unemployment rate in the US nears a key recession indicator, the pressure on the Federal Reserve to cut rates increases, with odds of a September rate cut standing at 72%. Powell's emphasis on the need for 'more good data' before a rate cut underscores the central bank's cautious approach amid cooling inflation pressures and weakening job market indicators.

Read 9 more recent news on this topic

The press radar on this topic:

The Street
11. Juli 2024 um 22:49

Suddenly, there's talk of 3 rate cuts this year TheStreet Daily Newsletter

Economy
Finance
Analysts are now predicting that the Federal Reserve may cut interest rates up to three times this year, rather than the previously expected one or two cuts in 2024. This shift is driven by factors like rising unemployment, falling inflation, and increasing economic strains. The Fed usually makes dramatic rate cuts when a recession is unfolding, but has done so in the past even when a recession was not imminent. The analysts argue the Fed should get ahead of the problem and cut rates sooner ra..
New York Times - Economy
10. Juli 2024 um 08:37

Powell Welcomes Cooling Inflation but Wants ‘More Good Data’ Before Rate Cut

Economy
Politics
Finance
Federal Reserve Chair Jerome Powell indicated that recent inflation data has given the central bank more confidence that price increases are returning to normal. He stated that continued progress along these lines would help pave the way for a central bank rate cut, but emphasized the need for 'more good data' before such a move. Powell avoided specifying a timeline for a potential rate cut, but did little to push back on expectations that a reduction could come as soon as September.
Al Jazeera
9. Juli 2024 um 20:54

US Fed’s Powell cites slowing job market in signal rate cuts may be coming

Economy
Finance
Politics
Federal Reserve Chairman Jerome Powell testified before the US Congress, signaling that the central bank may be moving closer to cutting interest rates. Powell cited a cooling job market and persistently high prices, shifting away from the Fed's single-minded fight against inflation. He warned that cutting rates too late or too little could weaken economic activity and employment, suggesting the Fed is considering a more balanced approach to its policy decisions.
Yahoo Finance
10. Juli 2024 um 14:45

Consumer prices expected to have cooled further in June, bolstering hopes for Fed rate cuts

Economy
Finance
The article discusses the upcoming release of the June Consumer Price Index (CPI) data, which is expected to show a further cooling of consumer prices, bolstering hopes for Federal Reserve rate cuts. The headline inflation is expected to have decelerated to 3.1% from 3.3% in May, while core inflation is expected to remain unchanged at 3.4%. The data is seen as critical for the Fed's future policy decisions, as recent economic data has fueled expectations of rate cuts sooner than later.
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