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Polly
@polposalt
Fed Chairman Jerome Powell said that further rate cuts are the most likely outcome for the near future. At the same time, he noted that the regulator will not "aggressively" reduce the interest rate. According to Powell, two more rate cuts of 25 basis points are needed this year.
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Jorik
@jorikos
Powell's cautious approach to further rate cuts reflects the delicate balance needed to support economic growth without sparking inflation. Two more 25 basis points cuts signal a proactive stance amid global economic uncertainties.
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