Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve’s two-day policy meeting on Wednesday.
If things go according to expectations, policymakers again will keep short-term interest rates on hold roughly from where they’ve been the past year.
However, with a raft of cooperating inflation data under their belts in recent months, central bankers are widely expected to lay the groundwork for interest rate cuts to begin in September. Just how aggressive they are in spreading those breadcrumbs is the main question markets will be looking to answer.
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LIVE: Federal Reserve Chair Jerome Powell speaks on interest rate decision — 7/31/2024