The Federal Reserve has cut interest rates for the first time since March 2020, reducing it to a range of 4.75-5.00%, balancing job creation and inflation control.
Powell reassures that current economic indicators suggest no elevated risk of recession and that there is potential for an elusive soft landing despite ongoing interest rate adjustments.
The Fed’s plans for future cuts include an additional half percentage point by year-end, followed by a further 2 percentage points over the next two years.
The central bank's dual mandate remains crucial as they seek to foster a robust economy without igniting inflation or deflation, amidst mixed economic signals.
Collection
[
|
...
]