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Fed, Powell turned most ‘dovish’ since 2021: JPMorgan AI analysis

Pelican Press

By Pelican Press,
in World News

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There was a lot of confusion over the Federal Reserve’s rate decision and

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Wednesday afternoon. Yes, the central bank made the rate cut the market wanted and signaled more were coming. But Chair Jerome Powell characterized it as just a “risk management” cut, pouring cold water on some of the enthusiasm. The Fed’s so-called dot plot of rate forecasts only added to the confusion…

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