Powell says September rate cut ‘on the table’ if inflation data continues to cool
Federal Reserve Chair Jerome Powell indicated that the central bank might cut interest rates at its September meeting if economic conditions remain favorable. Recent data shows inflation moving toward the Fed’s 2% target and unemployment rising slightly above 4%. Powell emphasized that rate decisions will be based on overall data trends rather than individual data points, CNBC has reported. The Fed kept its benchmark rate … Continue reading Powell says September rate cut ‘on the table’ if inflation data continues to cool
