US Fed Reserve Chair Powell opens door to September rate cut | Inflation News

Powell’s remarks offered little guidance about how soon or how quickly rates might continue to move lower.

United States Federal Reserve Chair Jerome Powell has pointed to a possible rate cut at the central bank’s September meeting but has stopped short of committing to cutting interest rates in remarks that walked a narrow line, acknowledging growing risks to the job market while also saying risks of higher inflation remain.

“While the labour market appears to be in balance, it is a…