Fed Officials to Signal Interest Rate Cuts Are Getting Closer
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Eight months after raising interest rates to a two-decade high, Federal Reserve Chair Jerome Powell and his colleagues are moving closer to dialing back their inflation fight.
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Published Mar 10, 2024 • 3 minute read
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(Bloomberg) — Eight months after raising interest rates to a two-decade high, Federal Reserve Chair Jerome Powell and his colleagues are moving closer to dialing back their inflation fight.
In congressional testimony last week, Powell emphasized the central bank needs “just a bit more evidence” inflation is headed toward its 2% target before lowering borrowing costs. “We’re not far from it,” he said.
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Bloomberg News
2024-03-10 10:21:18
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