Fed Chair Powell says “it is UNLIKELY” the next move will be a rate hike
— Heather Long (@byHeatherLong) May 1, 2024
“It is likely it will take longer” to be confident before rate cut, he emphasizes pic.twitter.com/rmCSXoNxTE
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Powell: There May Come a Day When Rates Will Get Cut, But ...
Ed Morrissey
... today is not that day. And neither will tomorrow be. The Fed had signaled at the beginning of the year that they would try to execute three rate cuts before 2025, and now it looks more like there won't be any.
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