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Large Cap Growth Index-Linked ETN Due 2028 (NYSEARCA:FRLG) Shares Up 5%
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Powell: if the economic progress continues to meet expectations, the Fed can take action at the next meeting.
At a press conference after the interest rate resolution, Federal Reserve Chairman Colin Powell said that if the economy continues to make progress as expected, the Fed can take action at its next meeting. Powell said that a reasonable and good employment report is needed to meet the conditions for reducing the size of debt purchases. But the threshold for raising interest rates is much higher than the threshold for curtailing bond purchases. The Fed kept its benchmark interest rate near zero on Wednesday local time, but said it might raise rates earlier than expected and sharply cut its forecast for US economic growth this year. The Fed statement said it may soon slow the pace of bond purchases.
Powell: the Fed is far from meeting the conditions for raising interest rates
At a press conference after the interest rate resolution, Federal Reserve Chairman Colin Powell said that the Fed is far from meeting the conditions for raising interest rates. Powell said that many members of the Federal Open Market Committee believe that substantial further progress has been made in employment, and his view is "almost achieved." He also said that if inflation remains high in 2022, the Fed may be in a position to raise interest rates. The Fed kept its benchmark interest rate near zero on Wednesday local time, but said it might raise rates earlier than expected and sharply cut its forecast for US economic growth this year. The Fed said in a statement that it could be very
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参议院周六召开会议讨论巴雷特的提名 周一将确认结果