Fed Rate Cut: Powell's Words Matter

Tomorrow, the Federal Reserve is set to announce another interest rate cut, with a high likelihood of this happening. However, the focus is now on Chairman Jerome Powells post-meeting statement and press conference, where his choice of words could hint at future rate adjustments. The FOMC is divided, with half concerned about inflation and the other half worried about a potential recession. Powells communication is crucial, and recent reports suggest he may not use the in a good place phrase, indicating a continued openness to further rate cuts. The labor market is also showing signs of weakening, which could further support this stance. The upcoming announcement and Powells comments will be closely watched for clues about the future of monetary policy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.