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18.12 - 19:51
Inflation risks roughly balanced as rate cuts signal caution: Fed Chair Jerome Powell
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US Federal Reserve Chair Jerome Powell highlighted a cautious outlook after the central bank cut key interest rates by 0.25% to 4.25% to 4.5%.
Inflation has eased but remains slightly elevated, he said, with projections of 2.4% for this year and 2.5% for 2025. Powell noted that inflationary pressures are now «roughly balanced».
On the labor market, Powell remarked that while employment rates remain solid and less tight than before, they are still low. These conditions allow the Fed to approach future rate decisions more «cautiously».
Fed rate projections indicate 3.9% for 2025, trending lower to 3.4% by 2026.
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Read more on economictimes.indiatimes.com
About this in other media
Will the Fed keep cutting in 2025? livemint.com /1 day ago
Fed faces important choice post this cut economictimes.indiatimes.com /1 day ago
Federal Reserve is likely to slow its rate cuts with inflation still elevated abcnews.go.com /2 days ago
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