1/8/2024, 5:37:02 pm

US Fed signals rate cuts may start in September; is it time to change

The start of the interest rate reduction cycle in the US may not be far, thanks to easing inflation. Addressing the press after the monetary policy meeting on Wednesday, July 31, Federal Reserve Chair Jerome Powell indicated that the first interest rate cut could occur as early as September. However, he added a caveat, stating that this would depend on data showing inflation moving sustainably.