Federal Deficit Impact on the Economy Tag

05 Aug Fed signaling interest rate cuts – a harbinger of sharply lower interest rates across the yield curve? My reading is “not so fast”

In his comments on July 31, 2024, US Federal Reserve Chairman Jerome Powell emphasized the need for more evidence of sustained progress before considering interest rate cuts despite signs of easing inflation. The Fed's cautious approach, stating that it is data-dependent, is a key factor...