From 2024
Federal Reserve Chairman Jerome Powell is scheduled to speak today, September 30, 2024, at 1:55 AM GMT. He is expected to address some key issues:
First, he will likely mention how inflation is finally under control and approaching the Fed’s 2% target, which is why they recently cut interest rates by 0.5%. That cut was important because it shows that they believe inflation is less of a threat now.
Next, Powell is likely to raise concerns about the labor market, which has been showing signs of weakness. That’s one reason the Fed has started cutting interest rates — there are some risks that could lead to a further decline in employment.
Finally, don’t expect him to say for sure whether more rate cuts are coming. He’ll likely stress that it all depends on upcoming economic data, such as the jobs report later this week. That will give a clearer picture of how the economy is holding up.
This speech will be important because it will give everyone a better idea of where the Fed is heading with its policies in the near future.