Federal Reserve Chair Powell's Remarks Post-June Interest Rate Announcement

Wednesday, 12 June 2024, 13:17
During the live coverage of Federal Reserve Chair Powell's remarks after the June interest rate decision, key insights revealed a shift in projected rate cuts. Policymakers are anticipated to lower the benchmark rate once or twice by year's end, in contrast to original projections of three rate cuts voiced in March. This adjustment signals a recalibration of monetary policy amid evolving economic conditions.
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Federal Reserve Chair Powell's Remarks Post-June Interest Rate Announcement

Highlights:

Federal Reserve Chair Powell delivers remarks post-June interest rate decision.

Insights:

  • Key Change: Shift in projected rate cuts from three to one or two by year's end.

During the latest meeting, policymakers recalibrate monetary policy in response to economic conditions.

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