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Federal Reserve has 'growing confidence' of US soft landing but in 'no rush to cut rates'
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investmentweek.co.ukSpeaking at the National Association for Business Economics Annual Meeting yesterday (30 September), Powell said the US economy was «strong» and had made «significant progress over the past two years» towards achieving its dual mandate goal of maximising employment and stable prices. Investors relieved by 'aggressive' Fed rate cut but question need of large snip Powell pointed to a «solid» labour market, and said «I have greater confidence that [inflation] is it on a sustainable path back to 2%». Last month, the Fed cut US interest rates by 50bps, the first rate reductions in four ...
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Read more on investmentweek.co.ukAbout this in other media
Posthaste: Bank of Canada can go bigger on rate cuts as Fed 'blows the door wide open' financialpost.com /1 week ago
Fed rate cut good for EMs; don’t see any positive trigger in PSUs but bullish on private banks: Dinshaw Irani economictimes.indiatimes.com /1 week ago
India’s IT sector much-awaited moment has arrived: the US Fed’s rate cut livemint.com /1 week ago
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