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Powell Speech Today Drives Focus on Delayed Fed Rate Cuts
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Powell Speech Today Drives Focus on Delayed Fed Rate Cuts
The future of policy is still unclear For the second meeting in a row, the Federal Reserve kept rates steady at 3.5% to 3.75%. This choice caused stocks and digital assets to become unstable. Also, a few big banks changed their outlook, which pushed back expectations for easing. Rising oil prices are still affecting inflation expectations and policy decisions. Brent crude rose to almost $115, which made the economic outlook worse. Powell did say…
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