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There are two ways to look at Powell's speech - December 1, 2022
Episode 94
Published 3 years, 10 months ago
Description
Fed chair Jerome Powell reassured investors in his speech yesterday, which led Wall Street indexes to new highs. He hinted that the December rate hike could be more moderate than in November, while reiterating that more efforts are needed. “The time for moderating the pace of rate increases may come as soon as the December meeting”, he said.
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