(Kitco News) – After the Federal Reserve delivered the 25-basis-point rate cut the markets were widely anticipating, Fed Chair Jerome Powell signaled that in his view, the central bank had achieved a neutral rate, and though a hike was nobody’s base case, further cuts would need to be justified by new data.Powell was asked at the outset whether the addition of ‘considering the extent and timing of additional adjustments’ in the statement meant that the Fed was now on hold.
