Powell: Will likely be appropriate to begin cutting rates some time this year ...Middle East

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Powell: Will likely be appropriate to begin cutting rates some time this year
source : forex live ( Middle East ) () 15
Powell's appearance is at 10 am but the opening statement is usually released early.Do not expect to cut until we have greater confidence inflation moving toward 2%Policy rate likely at its peak for the cycleWe will carefully assess incoming data, evolving outlook, balance of risksLabor market remains relatively tightLabor demand still exceeds supply; nominal wage growth has been easingRisks to achieving dual mandate coming into better balanceWhile inflation is above 2%, it has eased substantiallyThere isn't anything new here from what the Fed has been saying for weeks. This article was written by Adam Button at www.forexlive.com.

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