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
Average prices still remain far above where they were before the pandemic
Officials say there's been “modest further progress” toward the 2% inflation target
Bets are now leaning toward a first cut in September in the U.S.
Blerina Uruçi of T. Rowe Price says investors would do well to continue to position portfolios with inflation hedges in mind