Federal Reserve Chair Jerome Powell has made it clear that the central bank is not in a hurry to cut interest rates, citing persistent economic uncertainties and the need to ensure inflation is firmly under control. Powell’s comments come as markets have been speculating about potential rate cuts, with investors closely watching for any signs
The US dollar surged to a one-week high as investors prepared for Federal Reserve Chair Jerome Powell’s testimony before Congress. The greenback strengthened against major currencies, reflecting market uncertainty over the Fed’s next move. Traders and analysts are closely monitoring Powell’s statements for any indication of future interest rate decisions, which could shape global financial
As the US Federal Reserve prepares for its next policy meeting, market expectations are focused on comments from Fed Chair Jerome Powell, who is anticipated to emphasize caution in his remarks. According to BBH (Brown Brothers Harriman), Powell’s cautious approach comes amidst ongoing economic uncertainty, including concerns over inflation, employment, and broader financial stability. While