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Fed Powell: Material reassessment of outlook would spur policy change
#Fed Powell: Material reassessment of outlook would spur policy change #Forex #Trading
— FXStreet News (@FXStreetNews) October 30, 2019
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) October 30, 2019
- Significant rise in inflation would be needed before hiking rates $SPX $DXY
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) October 30, 2019
- We expect bill purchases to continue into Q2 of next year $SPX $DXY
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Powell speech: No evidence that business investment will weaken further
Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press, with key quotes, via Reuters, found below. "The Fed does not see any evidence that business investment will weaken further." "The Fed now sees the effects of more accommodative monetary policy more clearly." "The Fed's monetary policy framework review will be done every few years." "It seems like there are the makings of a US-China trade deal." "It is likely ... (full story)