According to Odaily Planet Daily, Wall Street Journal reporter Nick Timiraos wrote in his latest article that Federal Reserve Chairman Powell has brought interest rate cuts back into view. Powell's speech highlighted a cautious optimism that had faded after the disappointing inflation data in April. He said that the economy has made "significant progress," "real progress," and "considerable progress" in reducing inflation while achieving stable growth.
However, he remained cautious about rate cuts, suggesting that a rate cut at the Fed's meeting later this month remains unlikely. In addition, Powell declined to say whether he was preparing for a rate cut in September, saying: "I'm not going to put any specific dates here today."
