Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in 2025 following a recent uptick in inflation. Rates were left unchanged.
Chair Jerome Powell says:
-inflation remains too high
-rate are likely at their peak
-growth has been solid
-economy is strong
#fed #economy #stockmarket #business #politics
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Chair Jerome Powell says:
-inflation remains too high
-rate are likely at their peak
-growth has been solid
-economy is strong
#fed #economy #stockmarket #business #politics
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
TikTok: https://www.tiktok.com/@bloombergbusiness
Connect with Bloomberg Television on:
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