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Fed Chairman Jerome Powell Thursday to speak on monetary policy with business leaders from the Dallas-Fort Worth area. Powell delivered a speech, followed by a question-and-answer session.
The appearance comes a week after policymakers vote again Lower key interest rates One-quarter of a percentage point, or 25 basis points. The federal funds rate was cut by half a percentage point in September, keeping the federal funds rate within the range of 4.5%-4.75%.
However, economic data this week showed that inflation has proven to be sticky, with consumer price inflation at 2.6% and wholesale price inflation at 2.4%. These measures, which exclude food and energy costs, are much higher for core inflation.
Markets expect the Fed to cut interest rates again in December and then potentially skip its January meeting as officials assess the impact of policy easing so far.
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