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Federal Reserve Chairman Jerome Powell will speak at the New York Times Dealbook Conference on Wednesday.
The appearance comes two weeks before the central bank announces its decision on interest rates and will be Powell’s last public appearance until then.
Markets strongly expect the Fed to cut interest rates by another quarter of a percentage point from its current target range of 4.5% to 4.75%. The Federal Open Market Committee, which decides interest rates, cut the federal funds rate by a combined three-quarters of a percentage point at its September and November meetings.
In recent days, policymakers have expressed some concern about the recent spike in inflation, and are taking a cautious stance on policy while closely monitoring the data.
read more:
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