TechFlow news — According to the latest article by "Fed whisperer" Nick Timiraos, Federal Reserve Chair Jerome Powell said today that the recent slowdown in inflation and economic activity has largely aligned with the Fed's expectations. However, he still declined to indicate whether this would justify a rate cut at the central bank's policy meeting later this month. Last week's inflation report showed broad improvements in the economy, prompting some private-sector analysts to question whether the Fed needs to wait until September for a rate cut.
It is worth noting that under Powell's leadership, the Fed typically avoids surprising markets with short-term policy decisions. From this perspective, Powell's comments today did not alter the expectation that the Fed will keep interest rates unchanged at its August meeting.
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