Fed Chair Powell Emphasizes Patience on Interest Rate Cuts Amid Persistent Inflation
Despite recent data showing continued inflationary pressures, Federal Reserve Chair Jerome Powell signals no rush to lower interest rates, focusing on economic stability.
- Federal Reserve Chair Jerome Powell is set to reinforce his stance against rushing to cut interest rates in upcoming Congressional testimony.
- Recent inflation data in the US and euro-zone remains elevated, supporting the decision to maintain current interest rates.
- China's factory activity contracts for the fifth consecutive month, indicating ongoing demand challenges.
- Global diesel exports from Russia are expected to decrease, potentially impacting European markets already facing supply disruptions.
- Indonesia plans to propose a wider budget deficit to accommodate new policies, raising concerns about fiscal health.
Financial Post 
