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Fed Chair Powell hints at no interest rate cut in May, keeping rates higher for longer

todayApril 16, 2024 6

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The US economy’s enduring strength and the possibility that inflation’s progress might have stalled means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away, Federal Reserve Chair Jerome Powell said Tuesday.

​ The US economy’s enduring strength and the possibility that inflation’s progress might have stalled means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away, Federal Reserve Chair Jerome Powell said Tuesday. Read More Breaking News, Latest News and Videos | CNN 

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