From Financial Modeling Prep: 2025-02-12 02:28:14

Federal Reserve Chair Jerome Powell addressed Congress on the U.S. economy, inflation, and monetary policy outlook. Powell emphasized no urgency for rate cuts, balancing risks of inflation and economic growth, and the importance of labor market stability. Market reactions were stable, with expectations shifting towards a later rate cut in 2024.

Investors should monitor upcoming economic data, including the February CPI report, and the FOMC meeting in March for rate decisions. Powell’s testimony highlighted potential inflationary impacts of tariffs and global economic risks. Financial Modeling Prep’s APIs offer tools to track market movements and interest rate trends, aiding investors in staying informed.

Powell’s testimony underscores the Fed’s cautious approach to rate cuts, focusing on inflation and economic growth indicators. Will strong economic data delay easing, or will the Fed cut rates in mid-2024? Investors await the CPI report and the next FOMC meeting for further insights. Explore FMP’s financial data APIs to stay ahead of market trends.



Read more at Financial Modeling Prep:: Jerome Powell Testifies Before Congress: Key Takea…