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Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

KEY TAKEWAYS Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation. However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts. While inflation is likely to continue to trend lower, it likely won’t reach…

ByPexecoJuly 9, 20240Comments

Economic Calendar

What To Expect in the Markets This Week 10-14JUN2024

KEY TAKEAWAYS The Federal Reserve is expected to keep interest rates steady this week, putting the focus on officials' projections for the timing of potential cuts and the trajectory of the economy. The Consumer Price Index (CPI) report will show whether inflation continues to cool after heating up earlier this year. Apple's big developers conference…

ByPexecoJune 9, 20240Comments

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Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

What To Expect in the Markets This Week 10-14JUN2024