Fed Ends Inflation-Fighting Campaign

This is a Jackson Hole news story, published by Yahoo Finance, that relates primarily to Jay Powell news.

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aggressive inflation

Yahoo Finance

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Fed set to enter new era with first rate cut in 4 years Wednesday. But what comes next?

Summary

Nutrition label

82% Informative

The Fed is expected to lower interest rates by a quarter percentage point to a new range of 5.0-5.25% from its 23-year high.

The rate cut will mark the first in a series of cuts, as the central bank's new era of easy money will last through 2025 and 2026 .

The actions will officially mark the termination of the most aggressive inflation-fighting campaign since the 1980s .

Fed Chair Jay Powell said in a speech in Jackson Hole , Wyo. , in late August that the Fed “will do everything we can to support a strong labor market as we make further progress toward price stability” Powell will hold a press conference at 2:30 p.m. ET Wednesday .

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Informative language

Neutral language

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semi-formal

Language

English

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not offensive

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not hateful