Powell Declares Rate Hikes Off the Table as Fed Confirms End of Tightening Cycle

TLDR: Powell explicitly stated “a rate hike is not anyone’s base case” marking the definitive end of tightening  Core PCE inflation runs slightly above 2% when tariff effects excluded, giving Fed room for future easing  FOMC vote was 10-2 with two members favoring cuts and zero pushing for hikes during latest policy meeting  Fed expects [...]

The post Powell Declares Rate Hikes Off the Table as Fed Confirms End of Tightening Cycle appeared first on Blockonomi.