Basic expectations
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Federal Reserve Chairman Powell: Participants do not expect to cut interest rates this year
According to reports, Federal Reserve Chairman Powell: Participants believe that there will be no interest rate cuts this year. This year’s interest rate cuts are not our basic expectations. The plan supports strengthening supervision and regulation of the banking industry. Interpretation of this information: In recent news, Federal Reserve Chairman Powell has stated that participants within the organization do not believe there will be any interest rate cuts this year. Although some may have speculated that there would be action taken to reduce interest rates, Powell has made it clear…
