Fed in Position to Cut Rates in June with Cooling Inflation Data

Inflation Cool-Down Sets Stage for Potential Rate Cut

Federal Reserve Chairman Jerome Powell recently addressed media after a crucial Federal Open Market Committee meeting held on November 1, 2023. The focal point of discussions has been the cooling inflation data, significantly influencing the Fed's strategy moving forward. According to LPL's Chief Economist, Jeffrey Roach, this mitigation in inflation rates might just be the green flag the Fed needs to consider a rate cut in June.