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Jed Graham: The Federal Reserve Is Slow-Walking Rate Cuts On This Powell Worry

The Federal Reserve surprised Wall Street on Wednesday, signaling that just one quarter-point rate cut is likely this year. The hawkish shift from Fed Chair Jerome Powell was surprising after the May consumer price index delivered the best inflation news all year. But the S&P 500 and Nasdaq, which rallied to fresh record highs on the tame

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Posted: June 12, 2024 Wednesday 04:25 PM