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Powell: The omission of a change in confidence language from the FOMC statement does not suggest any stickiness to inflation

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2024-11-08 03:52:24
Fed chairperson Jerome Powell said the omission of a change in confidence language from the FOMC statement did not imply any hint of stickiness in inflation. Asked about September's forecast for a 2025 rate cut, Mr. Powell said he did not rule that out or accept that possibility.