🗣️Fed Chair Jerome Powell:

•Second quarter inflation data increased our confidence.

🗣️Fed Chair Jerome Powell:

•A rate cut may be on the table in September.

-Reporter: Is the market expecting the Fed to cut rates in September? What do you think? And why aren't you cutting rates today instead of waiting?

-Powell: We haven't made any decisions about September, but we can say that we are getting closer to our goal. If everything goes as expected, there may be a rate cut in September. That's not possible today.