Fed's Miran Says Inflation No Longer Major Threat, Signals Potential Rate Cuts

Federal Reserve Governor Stephen Miran stated that inflation has ceased to be a primary threat to the U.S. economy. Speaking on Mornings with Maria, Miran highlighted a shift in the central bank's focus toward managing economic growth and addressing bank overregulation. The Governor also touched upon the outlook for future interest rate cuts, providing a more dovish perspective on the monetary path ahead. This stance is expected to provide support for equity indices like SPY and QQQ while potentially weighing on the US Dollar (DXY). Market participants are closely monitoring these comments as a sign of a broader pivot in the Fed's strategy. Such remarks typically bolster gold prices (XAU/USD) as real yields face downward pressure.