Federal Reserve Signals Potential Rate Cut in September
Fed Chair Jerome Powell cites cooling inflation and a balanced labor market as key factors for possible policy change.
- Fed maintains current interest rates at a 23-year high of 5.3%.
- A rate cut could reduce borrowing costs for consumers and businesses.
- Chile's central bank also pauses its rate cuts amid rising inflation pressures.
- Financial markets largely expect the Fed to begin rate cuts in September.
- Powell emphasizes that future decisions will depend on incoming economic data.
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