Chair

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-chair-powell-discusses-inflation-and-potential-rate-cuts/" data-wpel-link="internal">Fed Chair Powell Discusses Inflation and Potential Rate Cuts</a><br></p>
<p style="text-align: justify">At the time of writing, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">Fed</a> Chair Powell is making significant statements that are also impacting <a href="https://en.coin-turk.com/altcoins-lead-the-rally-over-the-weekend-in-the-crypto-market/" data-wpel-link="internal">cryptocurrencies</a>. Highlighting progress in inflation during the speech is extremely important for risk markets. If the Fed starts to be convinced of a decline in inflation, markets may begin to price in rate cuts.</p> 
<h2 style="text-align: justify" id="fed-latest-update">Fed Latest Update</h2> 
<p style="text-align: justify">Powell is currently mentioning that new signals on disinflation indicate a renewed weakening in inflation. If it weren’t for the poor inflation <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> in the first quarter, we would likely have seen the first rate cut by now. The key points of Powell’s statements are as follows.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-367262 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/fed-2024-temmuz-faiz-tahminler.png" alt="" width="787" height="628"></p> 
<blockquote> 
 <p style="text-align: justify">“Solid growth and a strong labor market continue. The disinflation trend shows signs of restarting. We have made quite a bit of progress on inflation. We need to be more certain before lowering policy rates. As we have seen recently, we need to see more data. The data represents significant progress. If the labor market unexpectedly weakens, that would also prompt us to respond. We have the ability to take our time and do this right. Risks are becoming much more balanced. Service inflation is usually more stubborn.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fed-chair-powell-discusses-inflation-and-potential-rate-cuts/" data-wpel-link="internal">Fed Chair Powell Discusses Inflation and Potential Rate Cuts</a></h5>

Fed Chair Powell Discusses Inflation and Potential Rate Cuts

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