š£ļøFed Chair Jerome Powell:
ā¢Recent data suggests further progress toward a sustainable return to 2%.
ā¢My colleagues and I have increased our confidence that inflation is on a sustainable path to 2%.
ā¢Working conditions are strong and the labor market is nearly stable.
ā¢Further rate cuts are likely.
āIf the economy develops as expected, there will be two more 25 basis point rate cuts this year.ā