Bloomberg on Nostr: nostr:note1w9c69h2xf0q9pejdfufpdyquxy5apyrus457j7zmkdthpznvl63qdr86zq

quoting note1w9c…86zq

US Federal Reserve Chair Jerome Powell Expresses Confidence in the Economy, Dismisses Stagflation Concerns
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#2140b79c ver:1.11

US Federal Reserve Chair Jerome Powell expresses confidence in the economy, dismisses stagflation concerns. Fed keeps interest rates steady at 5.25-5.5% range, citing stubborn inflation. Powell expects inflation to decrease over the year. Decision reflects shift from previous projection of 3 rate cuts to just 1 in November. US economy remains strong, unemployment below 4%, consumer spending robust. Inflation at 3.5%. Bank of England expected to keep rates unchanged. Fed's decision impacts voter decisions in upcoming elections. Real estate and mortgage industry reacts mixed. #FederalReserve #economy #inflation...

#newstr #UsFederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #TreasurySecurities #MortgagebackedBonds #UsEconomy #UnemploymentRate #ConsumerSpending

https://here.news/story/2140b79c?ver=1.11