Federal Reserve Chairman Jerome Powell, speaking at a conference on Tuesday, gave the doves most of what they wanted to hear. Although he said more evidence was needed to rationalize cutting interest rates, his overall message favored expectations that policy easing is on the near-term horizon.
Daily Archives: July 3, 2024
Macro Briefing: 3 July 2024
* Fed Chair cites ‘progress’ on inflation but more confidence needed before cutting
* New US vehicle sales barely rose in the second quarter
* China services activity growth eases to 8-month low in June
* Eurozone production activity in June falls at fastest rate in 2024 to date
* US job openings unexpectedly rose in May:
