Yellen Sees One Fed Rate Cut Possible Later This Year
Janet Yellen says a Fed rate cut is possible this year. She noted that the Iran war creates supply shocks that put upward pressure on global inflation levels.
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Former United States Treasury Secretary Janet Yellen indicated that a single interest rate cut by the Federal Reserve remains a possibility this year, despite global economic pressures stemming from the conflict involving Iran. Speaking at the HSBC HOLDINGS PLC Global Investment Summit in Hong Kong, Yellen noted that while short-term inflation expectations have seen a slight uptick, policymakers are likely to remain data-dependent and open-minded regarding future adjustments.
