The Federal Reserve (Fed) is not in a hurry to cut interest rates, as recent inflation data shows price pressures moderating towards the central bank's target. The US economy remains strong, allowing policymakers to take a cautious approach. Fed Chairman Jerome Powell stated that there is no rush to adjust policy stance, considering the accommodative nature and strength of the economy. However, Powell acknowledged that further rate cuts could be considered if the labor market weakens unexpectedly or inflation reaches the Fed's target earlier than expected.



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