Welcome to Extreme Investor Network, where we bring you the latest and most insightful updates on the finance world. Today, we are excited to share with you the upcoming speech by Federal Reserve Chair Jerome Powell at the Stanford Business, Government and Society forum.
Powell is scheduled to speak at 12:10 p.m. ET, delivering prepared remarks followed by a question-and-answer session with a moderator. This appearance comes on the heels of the Fed’s recent meeting where interest rates were held steady, but Powell hinted at potential rate cuts later this year. However, he emphasized the need for more evidence that inflation is easing before any decisions are made.
Following Powell’s comments, other Fed officials have echoed the sentiment of possible rate reductions in the future, with differing opinions on the timing and number of cuts. Atlanta Fed President Raphael Bostic, for example, indicated that he believes there may be only one rate cut this year, while other members of the Federal Open Market Committee have suggested three cuts.
Market expectations are leaning towards the Fed beginning the easing process in June or July, with a total of three cuts anticipated by the end of 2024. It’s a dynamic situation with varying viewpoints and factors at play, making it crucial for investors to stay informed and strategic in their decision-making.
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