Derived from Jin10, U.S. Federal Reserve Chair Jerome Powell is set to deliver an economic outlook speech in Rhode Island on Wednesday, with investors closely watching for hints on the pace and scale of future rate cuts. Following the Fed's first rate cut of 2025, which triggered a stock market rebound, market expectations suggest two more 25-basis-point cuts in October and December. However, the Fed's own projections indicate a slower pace than anticipated. Powell has supported further cuts this year to prevent a sharp rise in unemployment, citing signs of a weakening labor market. Meanwhile, inflation has risen to near 3%, straying from the Fed's 2% target, though most officials believe any inflation from Trump's new tariffs will be temporary. Powell emphasized the need to closely monitor inflation risks.
Fed Chair Powell to Address Market on Rate Cuts Amid Inflation and Labor Concerns
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