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. With a cool-down in monetary policy, the market optimism appears inflamed.
Jerome Powell Hints More Rate Cuts Ahead
The US Federal Reserve is a very cautious financial regulator. While many anticipated the implementation of the 0.5% interest rate cut, people have yet to learn what the Fed Chairman will announce today. However, considering the rate of improvement in the US economy, marked by better than expected US CPI Inflation data, many anticipated more pivots ahead.
Jerome Powell neither confirmed nor denied this projections as he placed conditions on further rate cuts ahead. In the run-up to the latest interest rate cut, Fed officials have hinted at constant watch of key economic indices. In the F
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