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Fed soundbite Nick Timiraos: '60 Minutes' programme aside not forward guidance on rate cuts

Fed soundbite Nick Timiraos: '60 Minutes' programme aside not forward guidance on rate cuts

2024/02/05 21:51

Fed soundbite Nick Timiraos says the 60 Minutes programme's voiceover is not how the Fed will give forward guidance on the timing and speed of rate cuts. The programme's voice-over said Fed Chairman Jerome Powell had hinted that the Fed would cut rates by mid-year.

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