Political News and Conservative Analysis About Congress, the President, and the Federal Government
is set to address central bankers, policymakers, and the nation this week. Here is what to expect from his most widely anticipated policy address of the year.
The Fed raised interest rates in 2022 and 2023 in response to soaring inflation, which peaked at about 9%, and has kept interest rates at 5.25% to 5.50%, the highest they have been since the turn of the century, for over a year. Now, the Fed is poised to cut rates, so investors and economists will be closely listening for any hints about the timing and scale of cuts.
The Fed right now is not in a position in which it would need to “hugely adjust future guidance or expectations,” Hamrick said. He added that Powell and the Fed might want to save some of their ammunition for when the first rate cut is likely announced in September.added 114,000 jobs
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