Jerome Powell Speech Hints Uncertainty In Future Rate Cuts

Quick Summary:

After the United States Federal Reserve cut interest rates by 50 basis points, the first of its kind in 4 years, all eyes are now fixed on Jerome Powell for his speech.

Typically, this speech offers insights into what to expect from the Federal Open Market Committee (FOMC) moving forward.

While many anticipated the implementation of the 0.5% interest rate cut, people have yet to learn what the Fed Chairman will announce today.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

Topics: Federal Reserve Jerome powell 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 18:48:59 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22580572

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