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Here are the five key takeaways from the Fed meeting and Powell news conference
The Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises.
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fortune.com
You can expect a 25 bps cut from the Fed, says Wall Street, but little economic insight from Powell—after all, he doesn’t have much to go…
“Chair Powell’s press conference will pivot away from economic data—given its scarcity—and instead focus on balance sheet policy, the policy framework review, and financial…
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Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion.…
The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.
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cnbc.com
Here are the five key takeaways from the Fed meeting and Powell news conference
The Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises.
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usatoday.com
The Fed cut rates again, but officials disagree on what comes next. What it means for you
Before Wednesday, economists and markets were betting on a December rate cut. After Fed Chair Jerome Powell’s comments, they aren’t so sure.