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Federal Reserve holds firm with decision not to cut interest rate
While some investors were hoping for a rate cut, many believed it would have been a risky move.
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Federal Reserve Chairman Jerome Powell is set to deliver the central bank’s interest rate decision on Wednesday at 2:30 p.m. Powell is expected to hold interest rates steady. The meeting will likely shed light on the United States’s wartime economy, which has sent fuel prices soaring. This will be one of Powell’s final appearances as…
While some investors were hoping for a rate cut, many believed it would have been a risky move.
Oil prices were always going to be a problem for the next Fed nominee. On Wednesday, Jerome Powell outlined another worry.