đŁïžFed Chair Jerome Powell:
âąRecent data suggests further progress toward a sustainable return to 2%.
âąMy colleagues and I have increased our confidence that inflation is on a sustainable path to 2%.
âąWorking conditions are strong and the labor market is nearly stable.
âąFurther rate cuts are likely.
âIf the economy develops as expected, there will be two more 25 basis point rate cuts this year.â
