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overnight borrowing rateCNBC
•80% Informative
Fed 's overnight borrowing rate currently sits in a rage of 5.25%-5.5% , the highest level in 23 years .
Powell cited some easing in inflation, which he said policymakers stay resolute in bringing down to 2% goal.
Markets expect the Fed to begin cutting rates in September and likely following up with another reduction by the end of the year .
VR Score
91
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97
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67
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