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Powell opening statement: We have more work to do
- We have covered a lot of ground over the past year
- Full effects of hikes have yet to be felt
- Housing activity continues to weaken
- Consumer spending appears to be subdued
- Fed will likely have to maintain restrictive stance for some time
- The jobs market remains extremely tight
- Pace of jobs gains has slowed and nominal wage growth too, but labor market is out of balance
- Inflation in last three months show a welcome reduction in the pac... Read More
Posted: Feb 1 2023, 19:33
Author Name: forexlive
Views: 102161