Fed’s Powell signals further US interest rate cuts are not guaranteed
Central bank faces ‘challenging situation’ as it weighs inflation risks while jobs market softens
The October FOMC is a key test: markets largely expect the Fed to begin easing after inflation data softened and growth slowed. If a cut happens, it boosts liquidity and risk sentiment, favoring crypto. If deferred, crypto may drop as expectations unwind. Decision hinges on September CPI and labor reports.
Central bank faces ‘challenging situation’ as it weighs inflation risks while jobs market softens
Austan Goolsbee says weakening in jobs market does not signal looming recession
Minutes from US central bank’s September meeting showed lingering concern about price pressures
Federal Reserve chair says inflation expectations are close to central bank’s 2% goal
Top official says policymakers must proceed ‘with care’ amid mixed signals over health of US economy