Powell LIVE: Federal Reserve Chair Jerome Powell Speaks at the Economic Club.| US Market Live | N18G

Powell LIVE: Federal Reserve Chair Jerome Powell Speaks at the Economic Club.| US Market Live | CNBC TV18
Powell speaks at 12:30 p.m. EDT (1630 GMT) Monday at the Economic Club of Washington. He told U.S. lawmakers last week that "more good data" on inflation would pave the way to lower borrowing costs, but said he would not hint at the timetable for making a decision
The Fed meets July 30-31, but under the central bank's rules policymakers can't comment about monetary policy from this Saturday, July 20, until the Friday after the meeting.
With inflation edging closer to their 2% target and rising concerns about how long the job market can stay strong with the Fed's foot on the economic brake, they may well use those final days to either flag that rate cuts are imminent or explain why recent data still doesn't warrant a turn to easier monetary policy.
The betting in recent days has tilted strongly towards the Fed, after a false pivot late last year that seemed to put rate cuts on the horizon, finally deciding that the pandemic-era outbreak of inflation has been controlled.

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