International Economic

Powell reiterates rates likely headed lower, wants to see 'more good data'

By Alexander Bueso

Date: Wednesday 06 Mar 2024

(Sharecast News) - The head of America's central bank told Congress that he continued to believe that interest rates were likely headed lower in 2024.
However, the exact date of the first rate cut remained uncertain as progress towards the Federal Reserve's 2.0% inflation target was not assured yet.

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