News about Interest Rates

Takeaways from the Powell presser: -There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes -He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected

Powell on taking politics into account when setting interest rates: "We just don't do that .... If you go down that road, where do you stop?"

Fed Chair Powell summary today: 1) A rate hike is very unlikely 2) His base case is to cut rates later this year, but it’s not a given 3) No sign of stagflation 4) 3% inflation is not acceptable #Fed #economy pic.twitter.com/s6UwoWoSuz

Fed Chair Powell says “it is UNLIKELY” the next move will be a rate hike “It is likely it will take longer” to be confident before rate cut, he emphasizes pic.twitter.com/rmCSXoNxTE