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Analyst: The market is anticipating Powell's press conference

2024-08-01 02:20:49
Collection

ChainCatcher message, analyst Dutta: The Federal Reserve chooses to "delay action." The wording of this FOMC statement implies that the Federal Reserve will have to issue a more pronounced wording shift in September. I am surprised that, in the face of such (hawkish) statements, the stock market remains strong. Perhaps the stock market is anticipating Powell's press conference.

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