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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (145005)	2/1/2023 9:17:58 AM
From: Goose94	Read Replies (1) of 202668

Gold: It’s decision day for U.S. Federal Reserve Chair Jay Powell, as the world’s most-influential central bank is poised to deliver its latest rate decision. Powell & Co. are widely expected to slow their roll when it comes to the scale of rate increases, with average economist forecasts calling for a quarter point hike after a string of super-sized increases. Still, that would bring the target range for the Fed to 4.5-4.75 per cent, pushing the Fed further into restrictive territory at levels not seen since just before the Great Financial Crisis. Of particular interest will be the commentary coming out of Powell’s presser, where we’re looking for clues on just how far the fed will go in its fight to quash inflation before taking its foot off the gas when it comes to rate increases. BNN.ca

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