According to Mars Finance, Nick Timiraos, a Wall Street Journal reporter and the "Federal Reserve's mouthpiece," wrote in his latest article that Fed Chairman Powell has put interest rate cuts back on the radar. Powell's speech highlighted a cautious optimism that had faded after disappointing inflation data in April.
He said the economy has made "significant progress," "real progress" and "considerable progress" in reducing inflation while achieving stable growth. But he remained cautious about cutting interest rates, suggesting that the likelihood of a rate cut at the Fed's meeting later this month remains slim. In addition, Powell declined to say whether he was preparing for a rate cut in September. "I'm not going to set any specific dates here today," he said.
