Wall Street Live

Powell's Stance: Rate Cuts Await Inflation Control

By Athena Xu

4/4, 02:02 EDT
  • Jay Powell's recent remarks reiterated the Fed's data-dependent approach, emphasizing that rate cuts will only occur when inflation is under control. The market reacted to Powell's comments, especially in light of positive private-sector payroll growth and benign price readings in the services sector.
  • Despite the lack of new hawkish sentiment from Powell, the market remains cautiously optimistic and awaits Friday's jobs data. The Fed aims to strike a balance in timing rate cuts, with current market sentiment aligning with the central bank's approach.