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
Bank Stocks Lead US Equities in 2026; Wall Street Warns Guidance Matters More Than Earnings.Bank stocks will release fourth-quarter earnings this week, kicking off the 2026 U.S. earnings season.Tuesday will see JPMorgan Chase (JPM) reporting earnings, while Citigroup (C) , Wells
Author  TradingKey
10 hours ago
Bank stocks will release fourth-quarter earnings this week, kicking off the 2026 U.S. earnings season.Tuesday will see JPMorgan Chase (JPM) reporting earnings, while Citigroup (C) , Wells
placeholder
Bitwise Slams 401(k) Bitcoin Ban as ‘Ridiculous’ Amid Warren’s Pressure on SECU.S. President Donald Trump's executive order has paved the way for cryptocurrencies to be included in 401(k) retirement plans, igniting debate on their volatility.
Author  Mitrade
12 hours ago
U.S. President Donald Trump's executive order has paved the way for cryptocurrencies to be included in 401(k) retirement plans, igniting debate on their volatility.
placeholder
Meme Coins Price Prediction: DOGE, SHIB and PEPE struggle to stabilize as sellers keep controlDOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
Author  Mitrade
14 hours ago
DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
placeholder
USD/JPY holds positive ground above 158.00 amid Japan's political concernsThe USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.
Author  FXStreet
19 hours ago
The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.
placeholder
US Q4 Earnings Season Set to Begin: Can US December CPI Data Bolster Rate Cut Case? [Weekly Preview]U.S. stocks kicked off 2026 with a rally as the market bets on economic growth and remains optimistic that the Federal Reserve will further cut interest rates this year. The fourth-quarte
Author  TradingKey
Yesterday 10: 15
U.S. stocks kicked off 2026 with a rally as the market bets on economic growth and remains optimistic that the Federal Reserve will further cut interest rates this year. The fourth-quarte
goTop
quote