Monthly price rise of 0.1% seen as adding to likelihood of a September rate cut
While the U.S. labour market remains historically healthy, recent data suggest some weakening
Powell declined to provide any hints of when the first rate cut would occur
Latest data fuels speculation of interest rate cuts by the Federal Reserve
The Fed likely won’t wait until inflation reaches its 2% target before cutting rates, Powell tells House panel
Investors have put the likelihood of a Fed rate cut in September at about 76%, according to CME FedWatch
Minutes of most recent meeting show that policymakers are in no rush to reduce borrowing costs
Jack Manley of J.P. Morgan Asset Management says global economic convergence has not played out as expected this year
Jack Manley of J.P. Morgan Asset Management says global economic convergence has not played out as expected this year
Powell said the U.S. economy and job market remain fundamentally healthy