US Fed Chair sees ‘further disinflation’ in economy …C0NTINUE READING HERE >>>
US Federal Reserve Chair Jerome Powell said disinflation has been broad based..
Photo: Mandel NGAN / AFP/File
Source: AFP
The United States is set to see inflation cool further towards policymakers’ target, Federal Reserve chair Jerome Powell said Monday, with interest rates likely to come down over time, too.
Powell’s speech comes more than a week after the Federal Reserve slashed interest rates by half a percentage point, marking its first reduction since 2020. The move was made in response to easing inflation.
The rate-cut lowers the cost of borrowing for consumers and businesses,…
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