Federal Reserve Chair Jerome Powell

Jerome Powell says Fed wants to see ”more good inflation readings” before it can cut rates

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Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings” and is more confident that annual price increases are falling toward its 2 per cent … Read more

Gold at record levels as Powell says Fed cuts likely this year

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Gold prices on Wednesday hovered near a record peak hit in the previous session after U.S. Federal Reserve Chair Jerome Powell said interest rate cuts are still likely in the coming months if inflation continues to ease. FUNDAMENTALS * Spot gold ticked 0.1% lower to $2,146.29 per ounce, as of 0138 GMT. U.S. gold futures … Read more