Powell Hints at Potential Interest Rate Cuts Amid Inflation Uncertainty
Federal Reserve Chair Jerome Powell suggested that interest rate cuts could be on the horizon if inflation signals align. While Powell refrained from specifying a timeline, he emphasized the need for confidence in sustainable inflation at 2%. Market expectations have shifted, with forecasts now anticipating the first cut in June and a total reduction of one percentage point by year-end. Despite recent inflation data fluctuations, Powell maintains the Fed’s current policy stance as appropriate. (CNBC)
Europe’s Digital Markets Act Sparks Speculation: Which Tech Giant Will Be First to Fall?
Europe’s Digital Markets Act (DMA) has come into force, ushering in strict new regulations for major tech companies. Apple emerges…
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