MARKET DAILY

Market 07/02: Powell: "needs more confidence to cut interest rates"

Job openings in May increased but April data revised down. Tesla deliveries beat expectations in Q2/2024.

Nhật Thanh Lê

Published on July 2, 2024

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Key points in Fed Chair Powell's speech:

Inflation is trending to continue declining

Fed needs more confidence (on inflation data) before cutting interest rates

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