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Powell: Not going to be sending signals about timing of future actions
Powell swears off forward guidance when asked when the Fed will make an interest-rate cut:
— Nick Timiraos (@NickTimiraos) July 9, 2024
"Today, I’m not going to be sending any signals about the timing of future actions."
Added at 10:16am
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Powell on Commercial Real Estate problems: This is going to be an issue for many banks (lots of throat clearing on the answer to that question)
— Tracy (𝒞𝒽𝒾 ) (@chigrl) July 9, 2024
Added at 10:23am
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Fed’s Powell: We Need More Good Inflation Data To Cut Rates, Make Confidence Rise
— LiveSquawk (@LiveSquawk) July 9, 2024
- Timing Of Rate Cuts Depend On Data And What Is Happening In Labour Market
- Unexpected Weakening In Labour Market Could Also Be A Case For Rate Cut
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