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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble111/14/2024 5:07:37 PM
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Powell gut punches. Why? Inflation reports have been good:

Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates.

“The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech to business leaders in Dallas. “The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully.”
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