New Overnight Developments Abroad - Daily Update
Markets Okay With Powell’s Policy Message and Ongoing U.S. Political Strife
July 10, 2024
In Senate testimony yesterday, Fed Chairman Powell hardly deviated from the June FOMC meetings signal. Officials want to be more sure that U.S. inflation is returning to the 2% target in a sustaining way before starting to lessen their restrictive stance. Compared to information covering the first quarter of 2024, inflationary pressures and labor market […] More
