{"id":88507,"date":"2024-06-13T00:14:36","date_gmt":"2024-06-13T04:14:36","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88507"},"modified":"2024-06-12T23:54:04","modified_gmt":"2024-06-13T03:54:04","slug":"fed-recap-chair-powell-explains-why-the-central-bank-isnt-ready-yet-to-cut-rates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/fed-recap-chair-powell-explains-why-the-central-bank-isnt-ready-yet-to-cut-rates.html","title":{"rendered":"Fed recap: Chair Powell explains why the central bank isn\u2019t ready yet to cut rates"},"content":{"rendered":"\n<p>(CNBC) The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been \u201cmodest further progress\u201d toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/12\/fed-meeting-today-live-updates-on-june-fed-rate-decision.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been \u201cmodest further progress\u201d toward [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88507","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88507"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88507\/revisions"}],"predecessor-version":[{"id":88508,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88507\/revisions\/88508"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}