From CNBC: 2024-05-14 09:57:06

Federal Reserve Chair Jerome Powell delivers first public address since July. Markets anticipate rate cuts this year amidst concerns over inflation not meeting 2% target. Recent data show hotter prices and elevated consumer sentiment. Powell believes it’s unlikely rates will increase from current levels.

Sources:
– https://www.cnbc.com/2024/05/01/fed-rate-decision-may-2024-.html
– https://www.cnbc.com/2024/05/02/wall-street-is-confused-and-divided-over-how-many-times-the-fed-will-cut-rates-this-year.html
– https://www.cnbc.com/2024/05/10/consumer-sentiment-tumbles-as-inflation-fears-surge-closely-watched-survey-shows.html

Read more: Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam