Powell says future interest rate cuts will be more cautious, and the possibility of rate hikes next year is basically ruled out

According to Jinshi data reports, Federal Reserve Chairman Powell stated that future interest rate cuts will be more cautious and fundamentally ruled out the possibility of rate hikes next year.

Powell pointed out that inflation has shown signs of rebound, and combined with the tariff policies that Trump may implement, the room for the Federal Reserve to cut interest rates will likely be even more limited.