Citi Analysts Predict 8 Weeks of Fed Rate Cuts Starting in September, Powell Seeks Evidence
Submitted by Anonymous (not verified) on Tue, 07/09/2024 - 19:00

Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.




The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.
Bitcoin was one of the cryptocurrencies that reacted to Federal Reserve Chairman Jerome Powell’s remarks during a panel discussion on Tuesday.
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