Inflation has slowed, now the Federal Reserve faces expectations for rate cuts 

FEDERAL RESERVE Board Chairman Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve. The Federal Reserve will meet on January 31. / ASSOCIATED PRESS FILE PHOTO / ALEX BRANDON

WASHINGTON (AP) – Chairman Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.  A

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber

No posts to display