Powell Says Fed Has Time to Assess Data Before Deciding to Cut

📆 4/3/2024 5:14 PM
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Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates, even though a recent bump in prices didn’t alter their broader trajectory.

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Powell says Fed wants to see 'more good inflation readings' before it can cut ratesWASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest...
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