Live Event: Jerome Powell, Fed Chair, at DealBook Conference
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On Wednesday, Jerome Powell, leader of the Federal Reserve, addresses the New York Times DealBook conference.
This session occurs just two weeks before the Federal Reserve's next crucial decision on interest rates, marking Powell's final public presentation before that announcement.
Financial markets are largely predicting a further reduction in the Federal Reserve's benchmark interest rate, anticipating a cut of 0.25%, lowering it from the current target of 4.5% to 4.75%. Previously, the Federal Open Market Committee decreased the federal funds rate by a total of 0.75% during its meetings in September and November.
Recently, some Federal Reserve officials have indicated concern over a slight uptick in inflation, reflecting a more cautious stance as they closely monitor economic data.




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