{"id":98141,"date":"2024-03-07T20:39:05","date_gmt":"2024-03-07T16:39:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=98141"},"modified":"2024-03-08T03:03:29","modified_gmt":"2024-03-07T23:03:29","slug":"powell-fed-not-far-from-cutting-interest-rates","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-fed-not-far-from-cutting-interest-rates\/03\/07\/market-updates\/","title":{"rendered":"Powell: Fed not far from cutting interest rates"},"content":{"rendered":"\n<p>Powell has indicated that interest rate cuts may not be too far off if inflation signals cooperate. Powell did not provide a precise timetable of when easing could happen, but noted that the day could be coming soon. <br><br>Powell said the cuts would be so the Fed doesn&#8217;t drive the economy into recession rather than normalizing policy as the economy gets back to normal. <br><br>Powell spoke at a time when financial markets have swung considerably in their expectations on Fed policy. The outlook now is for the first cut to come in June, with four reductions totaling a full percentage point by the end of 2024. <br><br>Inflation data indicates the pace of price increases is continuing to slow, though the consumer price index rattled markets when it came in higher than expected for January.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Powell has indicated that interest rate cuts may not be too far off if inflation signals cooperate. Powell did not provide a precise timetable of when easing could happen, but noted that the day could be coming soon. Powell said the cuts would be so the Fed doesn&#8217;t drive the economy into recession rather than &hellip;<\/p>\n","protected":false},"author":13,"featured_media":93880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7163],"class_list":["post-98141","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-jerome-powell"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=98141"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98141\/revisions"}],"predecessor-version":[{"id":98149,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98141\/revisions\/98149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/93880"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=98141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=98141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=98141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}