Powell: June Core CPI Data Has Little Impact on Decision

BlockBeats News, July 30th, Federal Reserve Chair Powell stated during a press conference: "The 3 descents today did not fully capture the essence of the discussions, and the decision we made was supported by an overwhelming majority.

The June core CPI data had little impact on the decision-making process. We will be in communication with the inflation working group in the coming weeks. We have received some encouraging inflation data, and we will closely monitor this in the near future, with a focus on the inflation trend. We will be facing crucial decisions in the upcoming period." (FXStreet)