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Powell says Fed still has a ‘ways to go’ after half-point hike
Officials cut 2023 GDP forecasts, raise unemployment
Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year. “We still have some ways to go,” he told a press conference on Wednesday in Washington after the Federal Open Market Committee raised its […]
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