Federal Reserve's Stance on Interest Rates and Economic Data

Fed chair Jerome Powell highlights the cautious approach towards potential risks to the labor market from higher interest rates. Powell emphasizes the importance of assessing more evidence on inflation's slowdown. While there are hints at upcoming rate cuts, Powell refrains from setting a definite timeline for the cuts, with investors predicting a possibility of rate cuts commencing in September. Additionally, regulators are considering adjustments to require big banks to hold more capital.