It was an eventful week in global markets. The spotlight fell on the Federal Reserve, which shot down expectations it would cut interest rates in March, with Chairman Powell stressing that this is not the “base case" scenario. Even though inflation has declined substantially, Powell downplayed speculation that rate cuts are just around the corner, arguing that the Fed is still not fully confident it has won the war. He pointed to solid economic growth, resilient consumer spending, and a tight labor market as factors that could keep inflation above 2% for some time. Reading between the lines, his broader ...
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2024-02-03 07:06:00Z
CBMiTWh0dHBzOi8vd3d3LmZvcmV4ZmFjdG9yeS5jb20vbmV3cy8xMjY0OTI5LXdlZWstYWhlYWQtcmJhLWRlY2lzaW9uLWFuZC11cy1kYXRh0gFRaHR0cHM6Ly93d3cuZm9yZXhmYWN0b3J5LmNvbS9uZXdzLzEyNjQ5Mjktd2Vlay1haGVhZC1yYmEtZGVjaXNpb24tYW5kLXVzLWRhdGEvYW1w
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