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🛑FEDERAL RESERVE: INFLATION AND RATES

🛑FEDERAL RESERVE: INFLATION AND RATES

Day: 10 | Time: 17:55:13 According to BlockBeats, Federal Reserve Chairman Powell stated on July 10th that the Federal Reserve has made significant progress in terms of inflation. He also clarified that it is not necessary for the inflation rate to drop below 2% before the Federal Reserve lowers interest rates. This announcement provides insight into the current stance of the Federal Reserve on inflation and interest rates, which are key factors in the US economy. The Federal Reserve's approach to managing inflation and interest rates can have significant impacts on various aspects of the economy, including consumer spending, business investments, and overall economic growth. This statement from Chairman Powell provides a clear indication of the current policy direction of the Federal Reserve. #FederalReserve #Inflation #InterestRates

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Source: https://www.binance.com/en/square/post/2024-07-10-federal-reserve-chairman-powell-announces-significant-progress-in-inflation-10615729079538