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Fed Chair Powell Urges Patience on Rate Cuts Amid Economic Growth

1 hour ago

Fed Chair Powell Urges Patience on Rate Cuts Amid Economic Growth
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7 Highlights

  • Powell sees no rush to cut rates despite economic growth.
  • Strong job market lessens need for immediate rate cuts.
    • Inflation above 2% target delays rate reductions.
    • Powell's views align with market on fewer expected cuts.
    • Fed to gradually adjust policy to a neutral stance.
    • Unemployment at a low 4.1% marks economic strength.
    • December meeting awaited for potential Fed rate change.
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