The Fed is planning to cut interest rates in September
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World gold prices have skyrocketed amid the danger of escalating conflicts in the Middle East and US Federal Reserve (FED) Chairman Jerome Powell gave a signal after today's Fed meeting via the Chinese bank. The US is ready to rotate monetary policy if the inflation rate continues to decline in focus.
After a 2-day policy review, the Fed decided to keep interest rates unchanged at the expected level at 5.25-5.5%.
Besides, at the press conference after the Fed meeting, Mr. Powell aroused consultants' hopes about the ability to provide monetary policy at the upcoming September meeting. He said that if data continues to provide confidence that inflation is slowing toward its 2% target, the Fed may be ready to act.
After a 2-day policy review, the Fed decided to keep interest rates unchanged at the expected level at 5.25-5.5%.
Besides, at the press conference after the Fed meeting, Mr. Powell aroused consultants' hopes about the ability to provide monetary policy at the upcoming September meeting. He said that if data continues to provide confidence that inflation is slowing toward its 2% target, the Fed may be ready to act.
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