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Federal Reserve Chairman Jerome Powell is set to deliver a speech at Spelman College in Atlanta today, with a fireside chat to follow. The event is scheduled to begin at 11 a.m. ET. Powell’s remarks are of particular interest to the market, as there is speculation about whether the Fed will cut rates in the…
Federal Reserve Board Chairman Jerome Powell, in a speech at Spelman College in Atlanta, dismissed market expectations for aggressive interest rate cuts as premature. Powell emphasized that the Federal Open Market Committee intends to keep policy restrictive until inflation is solidly back to 2%. He also stated that they are prepared to tighten policy further…
Inflation measured by personal spending rose in October in line with expectations, potentially signaling to the Federal Reserve to hold interest rates steady and consider cutting in 2024, data released on Thursday showed. The personal consumption expenditures price index, excluding food and energy prices, increased by 0.2% for the month and 3.5% year-over-year, according to…
