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...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell toed a careful line in his semi-annual testimony to Congress, saying he did not expect the central bank to increase interest rates...
...US stocks climbed higher in early trading on Thursday as traders prepared for the second day of Federal Reserve chair Jay Powell’s semi-annual testimony to Congress....
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell said he did not expect the central bank to increase interest rates again, but said there was more progress that needed to be made...
...US stocks staged a broad rally as Federal Reserve chair Jay Powell said the central bank is ‘not far’ from gaining the confidence to lower interest rates....
...“We’re waiting to become more confident that inflation is moving sustainably to 2 per cent,” Powell said....
...Powell will acknowledge “considerable progress” on the economy and say interest rates, now at a 23-year high in a range of 5.25 to 5.5 per cent, are unlikely to rise again....
...Powell also downplayed the risks that the US’s persistently hot labour market would hinder the inflation fight....
...“We’re doing the best of anybody,” Powell said. “We’ve got the strongest growth and the lowest inflation of the advanced economies.”...
...The moves came after Powell said in a pre-recorded interview on Sunday that rate-setters still expect to make three quarter-point cuts in 2024....
...Powell said during an interview with 60 Minutes on Sunday that Fed policymakers still expected to make three quarter-point cuts in 2024....
...US stocks fell in early trading on Monday as markets opened for the first time since Federal Reserve chair Jay Powell pushed back against hopes for rapid interest rate cuts in an interview on CBS’s 60 Minutes...
...Government bonds sold off on Monday after US Federal Reserve chair Jay Powell pushed back against traders’ hopes for rapid and steep interest rate cuts....
...Powell said he had never seen a regulatory proposal elicit so much criticism, adding that there were “real concerns” the plans could increase risks to the banking system and undermine market competition....
...Jay Powell handed US stocks their biggest one-day drop in more than four months, as the Federal Reserve chair said the central bank was unlikely to loosen monetary policy in March....
...He’s not going to be able to do anything,” Trump said, referring to Powell....
...“The broader situation is that the economy is strong, the labour market is strong, and inflation is coming down,” Powell said....
...Jay Powell handed US stocks their biggest one-day drop in several months, as the Federal Reserve chair said the central bank was unlikely loosen monetary policy in March, crushing hopes of a first-quarter...
...And yet, Powell said, there was still “a way to go” before victory could be declared....
...Powell said that the latest readings showed low unemployment was posing less of a threat to the Fed’s 2 per cent inflation goal....
...To mark this moment while it doesn’t yet feel like a mistake, we’ve added a festive Jerome Powell-themed design to our Redbubble store: — Jerome Powell, Christmas Saviour (black text)— Jerome Powell, Christmas...
...The Federal Reserve’s rate-setters still expect to make about three quarter-point rate cuts this year, its chair Jay Powell said in an interview that aired last night....
...The S&P 500 stood almost 1.4 per cent higher as Powell spoke, on track for its biggest jump in a month, having been flat before the Fed’s initial announcement....
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