Skip to main content

Powell far from convinced about September rate cut

Fed Chair Jerome Powell left open the possibility of a September rate cut in his comments following the FOMC’s July meeting, but put much more emphasis on the still solid labour market and stressed that “modestly restrictive” policy remains appropriate while the Fed waits to see how tariffs affect inflation. Accordingly, we remain comfortable with our view that the Fed will keep rates unchanged this year.  

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access