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MNI: Fed’s Powell-Rate Cut Could Be On Table As Early As Sept

Fed has not made a decision about upcoming meetings, but September could be in play, Chair Powell says.

The Federal Reserve has not yet made a decision on when to cut interest rates but the first reduction could come as early as the next meeting in September if inflation keeps improving or employment conditions worsen, Fed Chair Powell said Wednesday.

Powell told reporters in his post-meeting press conference that “a rate cut could be on the table at September meeting."

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The Federal Reserve has not yet made a decision on when to cut interest rates but the first reduction could come as early as the next meeting in September if inflation keeps improving or employment conditions worsen, Fed Chair Powell said Wednesday.

Powell told reporters in his post-meeting press conference that “a rate cut could be on the table at September meeting."

Keep reading...Show less