Fed official sees July rate cut ‘unlikely,’ sticking with Powell’s view that coming months will be moment of truth for tariffs’ effect on inflation
Tuesday, 1 July 2025 ()
Economic data that comes in over the summer is expected to be the first batch to offer clear indications about what tariffs will do to prices, according to Federal Reserve Chair Jerome Powell. For that reason, any interest rate cuts are likely to happen in the fall. Atlanta Federal Reserve…
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