Jerome Powell dispels Wall Street’s dream of near-term interest rate cuts by arguing it would be ‘premature’ while leaving the door open to more rate hikes – Canada Boosts
Federal Reserve Chair Jerome Powell pushed again towards Wall Road’s rising expectations of interest-rate cuts within the first half of 2024, saying the committee will transfer cautiously with borrowing prices at a 22-year excessive however retain the choice to hike additional. “It would be premature to conclude with confidence that we have achieved a sufficiently…