$DASH
Latest statements from Fed officials are here! Mousalem said today that inflation risks are easing, and prices are expected to return to target levels this year.
· Current interest rates are close to neutral, implying no need for further rate cuts
· The policy stance is now appropriate, balancing economic growth and risks
· The recently released inflation data is encouraging
· Inflation is expected to return to around 2% this year
This statement is quite significant, especially considering that Trump recently called for substantial rate cuts. Now officials clearly state that rates are in place, effectively cooling down expectations for rate cuts.
It seems the Fed is moving at its own pace and isn't easily swayed by external voices. The next step will be to see whether inflation data truly follows expectations and declines as anticipated.
What do you think? Do you still expect rate cuts this year?
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