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Fed's Powell Says No Need to Hurry Rate Cuts

Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell

But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.

Reuters on MSN · 2h

Futures tumble as Powell signals no rush to cut rates

U.S. stock index futures fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest-rate cuts, pushing up bond yields and pressuring rate-sensitive equities. In a speech on Thursday,

The New York Times · 17h

Fed Chair Powell Says There’s No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

1h

Powell Didn't Turn Hawkish

Rising interest rates reflect steady economic growth. See why Powell's approach signals resilience and a possible year-end ...

7hon MSN

Stocks end lower after Powell throws cold water on hopes for December interest-rate cut

The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.

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