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interest ratesYahoo Finance
•78% Informative
Federal Reserve Chair Jay Powell said Monday the central bank intends to do what it takes to keep the economy humming while avoiding recession.
Powell ’s comments come after the Fed slashed its benchmark interest rate by 50 basis points at its last policy meeting on September 18 .
The consensus among Fed officials outlined at that meeting is for two more 25 basis point rate cuts in 2024 .
VR Score
89
Informative language
95
Neutral language
50
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English
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50
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