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Fed's Powell: We want to see a series of declining monthly inflation readings
FED'S POWELL: WE WANT TO SEE A SERIES OF DECLINING MONTHLY INFLATION READINGS.
— Breaking Market News (@financialjuice) June 15, 2022
Added at 2:44pm
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POWELL: FOMC MOVING RATES UP EXPEDITIOUSLY TO MORE-NORMAL LEVEL
— AceMarketU.com (@AceMarketU) June 15, 2022
Added at 2:44pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 15, 2022
- We decided we needed to do more front loading
- The next meeting could well be a decision between 50 bps and 75 bps
Added at 2:45pm
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FED'S POWELL: THAT WOULD GET US TO A MORE NORMAL RANGE, AND THEN WOULD HAVE OPTIONALITY.
— Breaking Market News (@financialjuice) June 15, 2022
Added at 2:46pm
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FED'S POWELL: NEUTRAL IS GENERALLY A RANGE OF 3 TO 3.5%.
— Breaking Market News (@financialjuice) June 15, 2022