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Fed No Longer Forecasts Recession–Powell Leaves Door Open for September
- 01 mins 45 secs
The Federal Reserve no longer foresees a recession according to Chairman Jerome Powell, but future rate hikes will be determined on a "meeting-by-meeting" basis. The announcement came after a much-anticipated rate hike that took benchmark borrowing costs to a twenty-two-year high.
Channel:
Fed Watch
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