Fed Chair Powell says no need to rush interest-rate cuts

MacDailyNews
Nov 15, 2024, 9:15 am320 pts
Wall Street is expected to open lower on Friday, following U.S. Federal Reserve Chair Jerome Powell’s comments on interest rate cuts. Powell indicated that the Fed may take a cautious approach to future rate reductions, citing ongoing economic strength and persistent inflation. This news has led to a rise in…

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