Powell poised to keep Fed on higher-for-longer path
Mon, Apr 29, 2024 11:32 AM

Powell poised to keep Fed on higher-for-longer path

A Flip by Riya Sharma
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Jerome Powell's remarks in the coming week will be closely parsed by investors for any clues on just how long the Fed is willing to wait before cutting interest rates. The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of further progress on bringing inflation down.

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