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The Markets Want Rate Cuts but The Fed Is Taking Its Time

1 February 2024 at 10:01
Vague comments about possible future rate cuts were all that central bankers gave the markets. Patience will be difficult at this tricky moment, our columnist says.

Jerome H. Powell, the Federal Reserve chair, emphasized at a news conference on Wednesday that the Fed was still waiting for β€œa true signal” that it was time to lower interest rates.

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