Fed's Bowman: I don't see rate cuts as warranted this year
Source Fxstreet
Federal Reserve (Fed) Board of Governors member Michelle W. Bowman noted that she is skeptical about the chances of a rate cut in 2024 while speaking at the Texas Bankers Association Annual Convention in Arlington, Texas.
Key highlights
I don't see rate cuts as warranted this year.
If we saw unexpected shocks, that would be a case for a rate cut.
I want to see a number of months of better inflation data.
It's probably a number of meetings before I'm ready to cut.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
SOL price is now recovering and might aim for a fresh increase above the $150 zone.
On-chain data shows Litecoin miners have seen their reserves shoot up over the past year, a sign that the large pools have been accumulating.
Interest Rate Cut Forecast: Bessent Bets on Pre-September, Goldman Sachs Sees September Cut, Nonfarm Data Holds the KeyJuly 1, U.S. Treasury Secretary Scott Bessent projected that the Federal Reserve would initiate a rate cut before September, emphasizing that President Trump’s tariff policies are unlikely to spur inflation as the Fed had anticipated.
July 1, U.S. Treasury Secretary Scott Bessent projected that the Federal Reserve would initiate a rate cut before September, emphasizing that President Trump’s tariff policies are unlikely to spur inflation as the Fed had anticipated.
With the close of June, the Dogecoin price has once again confirmed the bearish trend of the month.
The EUR/USD pair posts moderate losses on Wednesday, trading near 1.1780 at the time of writing.
