Powell Signals Two More Rate Cuts in 2024, Pending Economic Data

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Powell: Fed Plans Two More Rate Cuts in 2024 if Economy Develops as Expected In a speech to the National Association for Business Economics, Federal Reserve Chairman Jerome Powell hinted at two additional interest rate cuts by the end of 2024, contingent on the continued development of the U.S.economy.

The Fed’s focus remains on balancing inflation while maintaining healthy employment levels, both of which are crucial in setting the stage for any future rate cuts.

Chairman Powell’s remarks underscore the Federal Reserve’s cautious yet optimistic outlook for the U.S.economy as it considers two more interest rate cuts before the year ends.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Powell Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 04:09:56 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 865 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22828895

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