Jerome Powell Speech: Fed Chair Hints At Further Progress On Inflation

Quick Summary:

Jerome Powell Speech: After the Federal Reserve’s latest policy meeting, Chair Jerome Powell announced that interest rates would remain at 4.25% to 4.5%.

The decision follows three consecutive rate cuts last year as the central bank assesses inflation trends and labor market conditions.

The decision keeps borrowing costs at their current range, allowing policymakers to observe economic data before making further adjustments.

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Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Jerome H. Powell Fed rate cut 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 20:23:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 10 words per sentence (average)

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News ID: 25611368

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