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Analysis: Powell's speech is seen as a signal that interest rates will not be cut before November
In his Senate testimony, Federal Reserve Chairperson Jerome Powell gave no signal as to when the Fed might start cutting interest rates, saying instead that decisions would be made "meeting by meeting". But it could be a sign that a rate cut will not come as quickly as the market digests. Stephen Stanley, chief US economist at Santander Capital Markets, said Fed officials usually prepare markets for their next move. Powell's comments on "meeting by meeting" seem certain to...
2024-07-10 06:15:28
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