Fed's Bowman: Not yet at the point where it is appropriate to cut rates

Source Fxstreet

Federal Reserve Governor Michelle Bowman said on Tuesday that they are not yet at the point where it is appropriate to cut interest rates, per Reuters.

Key takeaways

"Should data show inflation moving sustainably to 2%, it will eventually become appropriate to gradually lower policy rate.",

"Baseline outlook continues to be inflation will return to 2% with policy rate held steady for some time."

"Willing to raise the target rate at a future meeting if inflation progress stalls or reverses."

"Will remain cautious in approach to future changes in policy stance."

"Other central banks may ease monetary policy sooner or more quickly than the Fed."

"Only modest further progress on US inflation seen this year."

"Expecting US inflation to remain elevated for some time, still see a number of upside inflation risks."

"US labor market remains tight, despite some further rebalancing."

Market reaction

The US Dollar Index edged higher in reaction to these comments and was last seen rising 0.1% on the day at 105.58.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump’s Tariff Ruling Lands Today: Market to Rise or Fall — The Decision Will TellGlobal financial markets demonstrated strong performance at the beginning of 2026, fostering an optimistic atmosphere for early-year trading; however, this upward trend may face its first
Author  TradingKey
Jan 09, Fri
Global financial markets demonstrated strong performance at the beginning of 2026, fostering an optimistic atmosphere for early-year trading; however, this upward trend may face its first
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple — BTC, ETH and XRP defend key support as rebound scenario stays in playBTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
Author  Mitrade
Jan 09, Fri
BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
placeholder
Bitcoin Trader Sticks to $76K Target as Early 2026 Rebound Loses MomentumBitcoin's recovery is in jeopardy with bearish predictions dominating sentiment as traders cite ongoing resistance and technical patterns hinting at further declines.
Author  Mitrade
Jan 09, Fri
Bitcoin's recovery is in jeopardy with bearish predictions dominating sentiment as traders cite ongoing resistance and technical patterns hinting at further declines.
placeholder
EUR/USD steadies near 1.1650 ahead of US Nonfarm PayrollsEUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.
Author  FXStreet
Jan 09, Fri
EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.
placeholder
Bitcoin briefly dips under $90,000 as profit-taking drags ETH, XRP and BNB lowerBitcoin briefly slipped below $90,000 after hitting $94,000 earlier in the week, with ETH falling to $3,120 as traders cited profit-taking, $150 million in long liquidations, and macro uncertainty including U.S. jobs data and tariff-related Supreme Court risks.
Author  Mitrade
Jan 08, Thu
Bitcoin briefly slipped below $90,000 after hitting $94,000 earlier in the week, with ETH falling to $3,120 as traders cited profit-taking, $150 million in long liquidations, and macro uncertainty including U.S. jobs data and tariff-related Supreme Court risks.
goTop
quote