Wednesday, February 1, 2023

Powell's Fight Against Inflation Isn't Over Yet...

NLB

Despite a cooling rate of inflation and signs that some aspects of the economy are slowing, Fed Chair Jerome Powell will make it clear on Wednesday that fighting rising prices remains their primary mission. 

In an effort to counter growing optimism about potential interest rate cuts in 2023, Powell may have his most challenging task yet- convincing financial markets they should expect higher rates from the federal reserve than what is currently anticipated...

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