These will be Powell’s first remarks since the June CPI report showed inflation cooling.
Chairman Jerome Powell is set to address the Economic Club of Washington, D.C. on Monday, as traders look for hints about when the central bank will cut interest rates. Powell will partake in a discussion with David Rubenstein, chairman of the Economic Club and co-founder of The Carlyle Group.Powell did deliver two days of testimony on Capitol Hill last week, where he said that the Fed viewed the risks between rising inflation and a slowing economy to be more balanced now.
The Federal Reserve has a policy meeting at the end of July, but a rate cut is seen unlikely at that time. Traders have instead focused on the September meeting as a potential cut.Mom of 18-year-old with a doctorate shares her 4 non-negotiable parenting rules: ‘How can they be the best versions of themselves?'I spent about $1,000 to see Taylor Swift in Paris instead of the U.S.
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