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Jerome Powell testimony: More evidence needed on tamed inflation
By Christopher Rugaber
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By Rita Nazareth
Fed rate cuts could fall close to 2024 presidential election - The Washington Post
By Rachel Siegel
Top 5 things to watch in markets in the week ahead By Investing.com
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Jeanna Smialek
jeannasmialek
Happy Fed/CPI day! (Double Whammy, Econpalooza, call it what you will.)
What should we ask Chair Powell today?
www.nytimes.com/live/2024/06/12/business/fed-rates-inflation-cpi#may-inflation-cpi
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Nick Timiraos
NickTimiraos
Fed Chair Jay Powell’s approach to cutting interest rates based on forecasts that inflation will continue moving lower could be summed up by the phrase “Trust, but verify.”
He used the word “confident” or “confidence” 20 times at a press conference www.wsj.com/economy/central-banking/stung-by-past-mistakes-a-wary-fed-takes-its-time-e361a364?st=57v57wvnlafntfi
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Nick Timiraos
NickTimiraos
Powell: "If you look back in five or ten years and try to pull out the significant to the U.S. economy of one 25-basis-point cut, you have quite a job on your hands."
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Mohamed A. El-Erian
elerianm
This table, from @NickTimiraos, is notable for several reasons, including the wide (0-100 bps) forecasts for #FederalReserve interest rate reductions in the context of universal agreement that the first cut, if we get one, would not come until September at the earliest.
#economy pic.twitter.com/pW9mtKeaUC
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