Jerome Powell, the Chair of the Federal Reserve, expressed uncertainty on interest rate cuts through 2025 due to conflicting pressures from inflation and growth needs. The Fed previously cut rates by 25 basis points in September 2025.
Median expectations hint at a total of 50 basis points in further cuts by year-end, contingent on economic data. The Fed notes risks of ‘stagflation-lite’ and inflation expected around 3.1%, which could influence investor sentiment.
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