‘more good data’ would boost case for rate cuts

Federal Reserve Chairman Jerome Powell told Congress that the U.S. economy is “no longer overheating” and that the job market has “cooled significantly” from pandemic-era extremes and is in many ways back to where it was before the health crisis, suggesting the case for lowering interest rates is strengthening. “We’re well aware that we now […]

Fed’s Powell says more ‘good’ inflation data would bolster case for rate cuts

Strategas’ Jason Trenerth says it’s hard not to get involved in the stock market on “Maria Bartiromo’s Wall Street.” Chairman of the Federal Reserve System Jerome Powell He said Tuesday that policymakers were encouraged by recent data suggesting inflation was receding, and continued progress would strengthen the case for cutting interest rates. “The data for […]