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Powell Says No Signals for Rate Cuts, Condemns Trump Assassination Attempt
Federal Reserve Chairman Jerome Powell said on Monday that he would not hint at any meeting that the central bank might cut its benchmark interest rate for the first time.The Fed w...
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Powell Says No Signals for Rate Cuts, Condemns Trump Assassination Attempt
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Federal Reserve Chairman Jerome Powell said on Monday that he would not hint at any meeting that the central bank might cut its benchmark interest rate for the first time.

The Fed will hold one meeting in late July and another in mid-September. Traders in the derivatives market generally expect the central bank to cut rates after September. Some economists believe the Fed may act as soon as this month.

Moreover, Powell condemned the assassination attempt on former U.S. President Donald Trump, saying political violence has no place in the U.S. He declined to comment on the market's reaction to the shooting.
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